Market News:
The European Central Bank (ECB) held rates steady for the fourth consecutive meeting, adopting a more positive outlook on the Eurozone economy.
The ECB kept the deposit facility rate unchanged at 2%, in line with market expectations. The main refinancing rate and marginal lending rate remained unchanged at 2.15% and 2.40%, respectively. The euro rose briefly against the dollar.
Traders' bets on ECB rates remained stable, with expectations of a 3 basis point rate hike in 2026. The money market now anticipates a greater than 50% chance of an ECB rate hike before March 2027, up from 35% before the ECB's statement.
The ECB raised several of its forecasts for Eurozone economic growth and inflation, a move that may close the door on further rate cuts in the near future.
Technical Analysis:
Today's Buy/Sell Threshold:
0.6610
Support and Resistance Levels:
0.6648
0.6634
0.6625
0.6595
0.6586
0.6572
Trading Strategy:
Consider buying if the price breaks above 0.6610, with a first target price of 0.6625.
Consider selling if the price breaks below 0.6595, with a first target price of 0.6586.
The European Central Bank (ECB) held rates steady for the fourth consecutive meeting, adopting a more positive outlook on the Eurozone economy.
The ECB kept the deposit facility rate unchanged at 2%, in line with market expectations. The main refinancing rate and marginal lending rate remained unchanged at 2.15% and 2.40%, respectively. The euro rose briefly against the dollar.
Traders' bets on ECB rates remained stable, with expectations of a 3 basis point rate hike in 2026. The money market now anticipates a greater than 50% chance of an ECB rate hike before March 2027, up from 35% before the ECB's statement.
The ECB raised several of its forecasts for Eurozone economic growth and inflation, a move that may close the door on further rate cuts in the near future.
Technical Analysis:
Today's Buy/Sell Threshold:
0.6610
Support and Resistance Levels:
0.6648
0.6634
0.6625
0.6595
0.6586
0.6572
Trading Strategy:
Consider buying if the price breaks above 0.6610, with a first target price of 0.6625.
Consider selling if the price breaks below 0.6595, with a first target price of 0.6586.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.