Minutes of FOMC Meeting, April 30th 2008
• The minutes showed that expectations for 2008 had deteriorated since the previous meeting. Participants lowered their forecast for GDP growth in 2008 while revising up sharply their outlook for inflation • FOMC members expected a recovery in 2009, but admitted that downside risks to the outlook were significant. Risks to growth were linked to [...]
ECB: Preview of today’s meeting
The story is very much the same this month, and we don’t expect a big change in the tone from ECB. The market impact should therefore be limited. On the one hand inflation risks are intensifying as oil prices keeps rising. But on the other, downside growth risks are also strengthening and actual data have [...]
Currency Majors Technical Analysis
American Session EUR/USD - Euro Dollar 1,5719. EUR USD broke 1,5730 support. EUR USD is in a range between 1,5700 and 1,5820. The volatility rises. Bollinger bands are deviated. Oscillators are neutral. The price should continue to move in 1,5700 / 1,5820 range. If the support is broken then the target will be 1,5600. We [...]
