ECB Preview: Forget what they said in September – TDS
Source Fxstreet
Data has rapidly moved against the ECB's September messaging, and we and the market now expect a rate cut at the October meeting. Governing Council members have leaned into the cut too, TDS macro analysts note.
A rate cut at the October meeting almost imminent
“Markets are well priced for an October cut. On rates side, we doubt the ECB will provide much in terms of new information to change the current dynamics.”
“The ECB is unlikely to be a meaningful driver for the EUR. We think that a reassessment of the global data narrative, Fed pricing, and positioning adjustments will be much larger drivers of FX. We remain short EUR/USD in options.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Global financial markets are set for a "Super Central Bank Week" this week, as five major central banks, including the Federal Reserve, the European Central Bank, and the Bank of Japan, a
The USD/JPY pair is seen consolidating in a narrow band around mid-159.00s during the Asian session on Tuesday as traders opt to wait for the crucial Bank of Japan (BoJ) before placing fresh directional bets.
Bitcoin prices have strengthened again, breaking through $79,000 amid strong bullish sentiment; however, investors should be wary of this week's Federal Reserve interest rate decision.On
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – kicks off the new week on a positive note and reverses a part of Friday's modest decline, though the upside remains capped.
On April 23, Eastern Time, Intel (INTC) reported its latest quarterly earnings results, showing that revenue grew 7% to $13.6 billion and earnings per share was $0.29, beating expectation
