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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (20655)	6/3/2009 1:37:18 AM
From: Cogito Ergo Sum	Read Replies (2) \| Respond to of 71462

ooooops.. Message 25689575

To: Real Man who wrote (20655)	6/3/2009 6:55:32 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 71462

ECB, BOE due tom. But more importantly, QE measures will be discussed (CB purchases of covered bonds - corporate, hypo etc). That should create only minor turbulences as recently markets learned to live with QE announcements: European markets decline; Slight setbacks for Euro and Pound Wed, Jun 3 2009, 08:48 GMT fxstreet.com FXstreeet.com (Barcelona) - European markets are going through mild declines on Wednesday, weighed by Bouygues SA 29% decline on its first quarter's profits. Euro and Pound have pulled back from recent highs. Eurostoxx 50 index drops 0.85%, while German Dax Xetra Index declines 0.50% and the French CAC Index sheds 1.04%. In the UK, London FTSE Index drops 1.58%. Today's session is being a light one ahead of key monetary policy decisions by the ECB and BoE. The European Central bank is widely expected to keeps interest rates unchanged, although, ¡the focus will be on the details of the details of its plan to buy EUR60 billion in covered bonds. Euro and Pound pull back from mid-term highs EUR/USD has pulled back from 5-month high at 1.4335, as the pair has weakened on European session to levels below 1.4260 support. At the time of writing the Euro trades at 1.4220. GBP/USD pulled back from 1.6660 and the pair has broken below yesterday's high at 1.6595 to trade around 1.6555 at the time of writing. USD/JPY has appreciated from 95.60 to levels around 96.30 on early European session, retuning to levels close to yesterday's highs at 96.55/65.