Hi everyone

Today’s BoE and ECB Live Coverage touched a new all-time high of 2,000 traders.

The event attracted 1,926 traders and was hosted by Valeria Bednarik, covering the Interest Rates decision of two of the most important World Central banks, the ECB and BoE, for more than two hours live from FXstreet.com Homepage and Calendar.
Yesterday’s FED Live Coverage was followed by more than 1,100 traders and we expect to reach great numbers in tomorrow’s NFP Live Coverage.

Francesc

Transcripts

FED Live Coverage: http://transcripts.fxstreet.com/2009/11/live-coverage-fed-interest-rate-decision-.html
ECB & BoE Live Coverage: http://transcripts.fxstreet.com/2009/11/boe-and-ecb-live-coverage-.html

Arguments for ECB to hike in 2010 by Danske Bank
* The focus of the ECB now appears to be shifting from whether to implement more stimulus measures to when to begin withdrawing them.
* We believe that the euro area next summer will have recovered so much that the ECB will consider interest rates at historical lows as being inappropriate and will start hiking.
* When the ECB starts hiking it will probably deliver about 0.5 percentage points each quarter, which was the average hiking speed seen in the 2000-01 hiking cycle.
* The exit strategy is likely to begin with alterations of the conditions for the long-term refinancing operations.
Full Story

Too late my friend….

ECB to cut 50bp again in April by Danske Bank

Francesc

Latest market developments: Western governments have effected major rescue actions in recent weeks to ease the credit crisis and stabilise the markets. Signs are already emerging that the measures are having the desired effect, and we expect to see a significant improvement in the money and credit mar-kets in the coming months. Despite this, a recession in Europe and US now seems unavoidable, in our view. Together with the sharp fall in commodity prices, this will open the door to further central bank support for growth, and we expect additional rate cuts from all the major central banks, with the ECB taking rates down to 3% in the course of H1 09.
Full Story

ECB’s Monetary Policy Committee is expected to keep rates on hold at 4,25% later today among fears of financial crisis spreading into Europe, which have increased considerably the odds for a rate cut before the end of the year.

Although most analysts share the opinion that the ECB will hold rates today, recent events from the US have changed the whole economical context. Some of the biggest names in Wall Street have failed while the whole financial system is threatening with a meltdown of historical proportions and uncertain consequences.

As usual after the decision we will have the very expected Jean-Claud Trichet’s speech. Analyst will be focused on any sign of softening in his tone and thus for assessing the possibility and timing of rate cut from ECB.

http://www.fxstreet.com/fundamental/analysis-reports/central-banks-special-coverage-ecb/2008-10-02.html

Remember to follow the interest rates release LIVE at FXstreet’s home page and Economic Calendar.
When: Thursday at 11:15 GMT (07:15 am EDT)
Guest Speaker: Rob Booker, Chief Market Analyst at InterbankFX

For your spare time:

Euroland: ECB to ease faster and more - Danske Bank

UK: Revised BoE interest rate forecasts - Danske Bank

Hi everyone

As you already know, we had today BoE and ECB meetings and as always both events were covered live at FXstreet’s home page and Economic Calendar.

This month’s event was not massively followed as markets didn’t expect central banks to touch interest rates, so from 1,300 traders following the event the previous month we drop to 800.

As last month, we had as guest speaker Mr. Rob Booker, Chief Market Analyst at InterbankFX that performed a great job as usual.

Francesc

BoE and ECB Live Coverage Stats:
Speaker: Rob Booker
Time: 10:30 GMT to 12:10 GMT.

Total Blog Page Hits: 4053
Total Unique Viewers: 816
Avg. Unique Viewer Duration on Blog: 23 min.