Greetings, Everyone to Tonight’s Battle!

We once again stop by the English Channel on our way home from the G20 “Conference/Party” and check on the latest Swimming Match of Her Majesty, The Queen Pound Sterling… and Her Skillful Adversary… who we shall name “Euro Trichet” !

“CVJ!… You were not even there!… We were the largest Flag-Waving-Sign-Carrying Protesters around!” “We vilified The Queen for interrupting our BBC Comedies on the Tellie… and drew funny faces on our Signs of Trichet for all to see!…..WE we were EVEN interviewed on NEWSNIGHT!!!”,  the CVJ Fan Club Guys say with deep rebellious satisfaction.

“That is interesting, Guys… as I wondered who cleaned out the Commodity Accounts last week…. You Boys paying for your Big Trip!” , I say….. hee hee hee…         

In all seriousness, the ECB is up against the “Proverbial” Wall moving forward… despite the expected and largely “Price-In” Rate Cut from 1.50% to 1.00% for its’ Overnight Rate.

In our “Match” here… Her Majesty once again looks to be “Ahead of the Curve” in Her Swimming Skills… as the Euro continues to weaken in the Immediate-Term with Mr. Trichet not “Cranking The Throttle” for a little Policy Momentum.

Here are the Daily and Hourly Views since we have not had a visit in a while… so give the Captures a Click for Commentary.

Post-Time is a bit “early” for me @ 1:00 GMT… as I wish to check in for another Blog Update rather soon after the “Technical Perspectives of the Majors” Report at 7:00 GMT.

The ECB is notoriously “independent” in truly adhering to an “Inflationary-Following Model” … but now… it has deep Global Pressure to enact some sort of “Uniform” Quantitative-Easing Policy.

Of course… My Friend, Trichet, says nothing in his usual Tactful fashion.

Perhaps that Tact is needed more than ever these days in terms of Clear and Decisive Action.