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Rate Decisions

Discussion in 'Market Predictions and Reports' started by NDUKA VIVIAN CHINWE, Jun 10, 2010.

  1. NDUKA VIVIAN CHINWE

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    Hello all,

    We will be focusing on the BOE and ECB rate decisions today. We expect both central banks to keep their rates at 0.50% and 1.00% respectively but any hike in these rates which we don't anticipate will see the market moving with great momentum. Incase BOE surprises all and increases its rates BUY GBP/USD immediately, and if ECB does all well BUY EUR/USD immediatlely.
    One other thing we will be watching is the ASSET PURCHASE FACILITY. The BOE is expected to keep its APF at 200B, but if it decides to reduce its purchase facility that will mean good for the economy so BUY GBP/USD immediately, but if it increases its APF it will mean bad for the economy, so SELL GBP/USD immediately. ALL THE BEST:)
     

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