wtf is happenning - ok we can all see whats happening, but any idea why? no ones talking, no release....any ideas? at least i made some money - so now i can relax and wonder why afterwards!! happy days!!
*DJ ECB's Trichet: Ready To Take Decision On Interest Rates Bund dropped about 40 ticks. Regards Bernd Kuerbs
could well be. my news wire prints that release at 7.59 cst, but the move kicked off at 7.46 maybe someone had prior warning???
DJ ECB's Trichet: Ready To Make Decision On Interest Rates FRANKFURT (Dow Jones)--The European Central Bank's governing council is prepared to make a decision regarding interest rates, European Central Bank President Jean-Claude Trichet said Friday. "After two and a half years of maintaining historically and execeptionally low interest rates...the governing council is ready to take a decision," Trichet said, speaking at a banking conference. The ECB has kept its key refinancing policy rate unchanged at 2% since June 2003. (MORE TO FOLLOW) Dow Jones Newswires 11-18-05 0859ET Copyright (c) 2005 Dow Jones & Company, Inc. DJ info: N/DJCS,N/DJOS,N/OSAG,N/OSCM,N/OSFR,N/OSME,N/OSOV,N/OSTR,N/BNEU,N/CBK,N/DJWI,N/E B,N/EEC,N/EMU,N/FCTV,N/GENI,N/IEN,N/TSY FSN58627 ACFKMOT CURRENCY ECONOMY FINANCIAL GENERAL 2005-11-18 13:59:49 UTC ^^^^^^
The first headline was released at 14:48 CET (=8:48 EST). That's when the Bund started to drop seriously. Though it was in a down move all day long. Regards Bernd Kuerbs
It was a live speech on BB and the headlines all released on market news, reuters and bloomberg. There was no leak and inded the market took a few seconds to react.
lol - looks like ive just got a shitty news feed then!! thanks guys. this sure does explain it. thing is, i just jumped on the momentum and hit the offers on the eurofx. cos i wasnt so sure what it was i got out after 10 ticks. had i known what it was i would have had reason to stay in. for the first time ive seen the value in a good news feed! (DOH!!). anyway - at the end of the day it was sloppy trading on my part - should have covered half, not the whole lot like i usually do in planned trades. we live n learn.