Thanks to Mr Trichet, who sold a “one-raise-done-for-now” to the public, markets stabilized But especially the US market did not really bounce away from the “edge of the cliff”. The shortened session ended flat … if you want to see it positively. So enjoy your long weekend and let’s see, what next week brings

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 [...]