ECB takes the lead …
ECB today made clear, that there is NO CHANCE for a rate cut …
Due to the current inflation picture, most of the ECB council members see a case for a RATE HIKE …
Trichet sees the possibility for a JULY “small” rate hike …
So … this means NO MORE RATE CUTS … neither from the FED nor from the BoE …
RATES WILL GO HIGHER … WHICH WILL HURT VALUATIONS OF EQUITIES …
Euro jumped on the news … so Ben should be quick to hike 
As recent as yesterday, he, Ben Bernanke “saw and wanted” a stronger Dollar … but …
As currencies move because of interest rate moves … direction and velocity are key …
The race is on … who fights quicker and faster inflation …
will have the stronger currency … and LESS inflation 
Stay tuned …
