Macro Man
Macro Man Apr 04 2014 at 07:46
EUR/USD Update: * ECB Does not exclude QE ( both conventional and unconventional) as Deflation risks and Depressed Business Sentiment and Consumer health lagged expectation in Q1 2014. Recovery lags and seems to be in Tvede's stage 4-5 of economic recovery;
* ECB seems committed to 1.40 - 1.45 maximum exchange rate and might put up a fight against the market to keep the exchange rate supportive of economic recovery;
* Fed Remains committed to taper pace and rumors of Rate Hikes by 2015 have emerged;
* Recovery lags slightly due to bad weather and seems to be in Tvede's stage 5-6 of economic recovery. 1 stage quicker than EU;
* US employment figures of first week of April fell short of expectation, but are however trending lower from their Dec 2013 peak.