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I don't like this idea of chatrooms, because you can't read all the useful informations later if you are not logged in...
2. I don't want to download this messenger.
Boston, July 6.
The ECB will meet in person on August 3 and scrap the planned teleconference as
it lays the ground work for a hike. While Trichet says the Bank never pre-
commits to future rate decisions, this is about as clear a signal as one can
expect from the ECB. EUR/USD is having a tough time holding gains as the market
fully anticipated tough talk from Trichet and company. The path of maximum pain
for the market is to the downside, and forex markets have a way of inflicting
pain. Stops are seen at 1.2715 area and again at 1.2690. Larger stops are at
1.2680. Offers are seen through 1.2795; Small stops are above 1.2800. EUR/USD
trades at 1.2765.
, thanks to Nina.
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