Thursday, November 6, 2008

USD Outlook


Hi all,

Today's event would be focused on ECB (1345 GMT) and BOE (1300 GMT) respectively, where expectations are talking about a cut of 50 bps for ECB and a possible 100bps cut on BOE. I personally have a view that BOE may not go for this full point cut, probably 75bps may be more realistic. 

Look at the economic calendar above for further announcements today. My opinion on the market in the next few weeks, would be greatly influenced by the payroll figures in tomorrow's NFP. 

The photo above is another teaser on the new US President.  You think the USD will really be printed in this manner in the future? 

Enjoy.

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