No BUY/HOLD and/or SELL recommendations!
European Central Bank (ECB) continues to carry out its aggressive policy with an objective to reducing inflation while the Bank of England (BoE) for now is not eager to raise interest rates anytime soon.
Despite the fact that in comparison with other central banks ECB is considered to be the most hawkish on inflation and it showed as much by being the first to raise rates since the financial crisis.
The BoE on the other hand is behaving much more cautiously as far as rising interest rates is concerned, even though recent BoE's Inflation Report implies that it's very likely that inflation will settle above the 2% target in the medium term. Also the fact that GDP had finally shown growth in the first quarter of 2011 would suggest a move towards an interest rate hike. But the economy is not recovering as quick as expected and higher interest right now, without the support of macro data, do not make sense.
The BoE meeting will take place on May 5 at and the ECB meeting on May 12. We need to watch the Pound and the Euro.
Regards,
`THE PIP DISPENSER'
Risk Disclosure: NFA (National Future Association)
Trading Spot/OTC Foreign currencies involves substantial risk and
there is always the potential for loss. Your trading results may
vary. Because the risk factor is high in Forex exchange market
trading, only genuine "risk" funds should be used in such trading. If
you do not have the extra capital that you can afford to lose, you
should not trade in the Foreign exchange markets. You must be aware
of the risks and be willing to accept them in order to invest in
the Forex markets. No "safe" trading system has ever been devised,
and no one can guarantee profits or freedom from loss. Unique
experiences and past performances do not guarantee future results!
Nothing in our live presentations, training courses, website, or other
materials shall be deemed a solicitation or an offer to Buy/Sell currencies in Spot/OTC Forex Markets. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed or presented in any manner. Also, the past performance of any trading methodology is not necessarily indicative of futures results. Foreign currencies trading involves high risks and you can lose a lot of money.
CFTC RULE 4.41: (CFTC = Commodities Futures Trading Commission)
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN
LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS
DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT
BEEN EXECUTED, THE RESULTS MAY HAVE UNDER OR OVER-COMPENSATED FOR THE
IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY.
SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO
THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO
REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO
ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN OR DISCUSSED HERE, TRAINING MATERIAL, PROMOTIONAL MATERIAL OR ANY RELATED SERVICES. OUR COURSES, PRODUCTS AND SERVICES SHOULD BE USED AS LEARNING AIDS ONLY AND SHOULD NOT BE USED TO INVEST REAL MONEY. IF YOU DECIDE TO INVEST REAL MONEY, ALL TRADING DECISIONS SHOULD BE YOUR OWN AND ARE SOLELY AT YOUR OWN RISK.
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