Euro (€) Currency Thread

dealsearcher

Yeah, £124 million is chickenfeed now eh?

inspector_monkfish

dealsearcher wrote: »

Yeah, £124 million is chickenfeed now eh?

HAHA
fraid it is in these markets matey.....

inspector_monkfish

GOOD MORNING

looks like we hit the dizzy heights of 1.0920 overnight
just fallen away a bit this morning to start the day around 1.0875

onwards and upwards.....

dealsearcher

Good morning IM. So how is the following going to effect GBP / EUR?:

Euro Session: What to Expect



Germany’s IFO Survey of business sentiment is expected to see the headline figure drop to 82.2 in March, the lowest in over 26 years. That said the Expectations component of the reading designed to forecast economic performance for the forthcoming six months is seen improving to 81.5 from 80.9. The result mirrors current forecasts calling for the economy to return to positive growth in the third quarter of 2009. Still, annual economic growth is set to fall -2.5% this year, the deepest recession since World War II. Overnight index swaps see the market pricing in a full percentage point interest rate cut from the European Central Bank when policymakers meet again on April 2nd.

inspector_monkfish

dealsearcher wrote: »

Good morning IM. So how is the following going to effect GBP / EUR?:

Euro Session: What to Expect



Germany’s IFO Survey of business sentiment is expected to see the headline figure drop to 82.2 in March, the lowest in over 26 years. That said the Expectations component of the reading designed to forecast economic performance for the forthcoming six months is seen improving to 81.5 from 80.9. The result mirrors current forecasts calling for the economy to return to positive growth in the third quarter of 2009. Still, annual economic growth is set to fall -2.5% this year, the deepest recession since World War II. Overnight index swaps see the market pricing in a full percentage point interest rate cut from the European Central Bank when policymakers meet again on April 2nd.

like all figure releases, it will all depend how much in line with forecasts the numbers actually are...

inspector_monkfish

trading well at 1.0885 right now

inspector_monkfish

2mins before Ifo figures...

GBP/EUR 1.0875
EUR/USD 1.3447
GBP/USD 1.4630

lets see how they are affected.....

dealsearcher

In general recently the actual figures have been worse than expected in the eurozone. That is partly because the recession has become worse than expected but also because the eurozone politicians are always excessively optimistic. In Britain the governor of the BoE has called things as they are.

inspector_monkfish

09:00 25Mar09 DJN-DJ GERMAN MAR IFO 82.1; FORECAST 82.2
09:00 25Mar09 DJN-DJ GERMAN MAR IFO CURRENT CONDITIONS 82.7:FORECAST 82.5
09:00 25Mar09 DJN-DJ GERMAN MAR IFO EXPECTATIONS 81.6: FORECAST 82.0

inspector_monkfish

dealsearcher wrote: »

In general recently the actual figures have been worse than expected in the eurozone. That is partly because the recession has become worse than expected but also because the eurozone politicians are always excessively optimistic. In Britain the governor of the BoE has called things as they are.

precisely - but it
never seems to hurt the Euro !