ECB and FED are afraid … they talked the truth … at least a bit … The market reacted … that made them scared … them, the stupid cheerleading manipulators Now they start again talking markets up … – We said SMALL rate hikes only – We are in NO HURRY to hike – We [...]

Fed seemingly got the message of the ECB … The message is … We waited long enough … now you should have your problems solved … We will start hiking rates … follow or bury the US $ Reckless naughty french boy … Mr Trichet … his friends call him J.C. Today … two FED [...]

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 [...]

A total of EUR791 million was borrowed in overnight funds at the 5.00% penalty rate as of Sunday, the European Central Bank said. AUTSCH … UK lenders sold off heavily as Bradford and Bingley (down more than 23%) came out with a profit warning … Northern Rock replayed??? HBOS were down more than 11% as [...]

Bonds are selling off as June contracts are close to expire … WHY??? Inflation is ramping, credit crunch seems managable … so the Hedges are SOLD. And now the speculation starts … WHAT’s NEXT??? Interest rates HAVE TO RISE!!! Next step of FED and ECB will be UP … a rate HIKE!!! This is reflected [...]

Markets are hesitating to move away from the current level … So far May hast produced twice the “1-day-squeeze-2-days-sell-pattern” … Tomorrow will be interesting as we get our deserved weekly candle … In the S&P, 1400 is the watershed … as last week opened here … A close below 1400 would call for more downside [...]

After a lot of ECB members reiterated their position, that in the current environment there is no interest rate cut possible and adequate … Today a new quality was reached. As we know, part of the communication of the ECB is to “leak” policy changes via so called “source-stories” in selected media channels … Story [...]

We are still stuck … Market can’t rise, doesn’t want to fall … BoE lowered rates and ECB kept them unchanged … as expected WalMart guided higher … as Americans buy on the cheap as they face problems. Dupont guided higher … on exchange rates. Intel got upgraded … At least something. But as problems [...]