Roubini.."The European Central Bank should not raise interest rates in its
next meeting because it risks widening the gap between struggling periphery
economies and the stronger ones at the center of the euro zone"...""In my view
that's a mistake ... I think that the ECB is rushing too fast into hiking rates," Roubini
said in an interview."...
We agree, we are watching any spike up to 145 for a short. Maybe mid April
2011. Massive resistance around 142 to 145...so say the PnF.
Of course, things get real interesting if QE2 ends early, or QE3 is put on
hold. Keep your powder dry!
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