1:36 PM · 24 November 2022

BREAKING: EUR sees little reaction to ECB Minutes

Minutes from the latest  ECB meeting have just been released, but did not trigger any major moves on markets. 

Key takeaways:

  •  ECB now needed to show equal determination when inflation was above the target, countering far too high inflation and preventing it from becoming entrenched, irrespective of a deteriorating outlook.These developments raised the prospect of inflation becoming entrenched.

  • The view was widely shared that the inflation outlook continued to worsen.

  • A decline in economic activity would not be sufficient to significantly reduce inflation.

  • Wage growth was accelerating, it could still be considered moderate.

  • GC should continue normalizing and tightening monetary policy, although it might want to pause if there was an extended and deep recession.

  • A 75 basis points hike was supported by a very large majority.

EURUSD barely reacted to ECB Minutes release. The main currency pair is currently testing a short-term support zone in the 1.0400 area. Source: xStation

3 September 2026, 7:08 PM

Daily Summary: Nasdaq, Gold, and Bitcoin benefit from lower bond yields (03.09.2026)

3 September 2026, 6:16 PM

Gold recovers losses

3 September 2026, 4:03 PM

US Open: Dovish Waller supports the stock market (03.09.2026)

3 September 2026, 7:28 AM

Economic Calendar: U.S. ISM Services Index in the Spotlight

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits