The ECB meeting brought no change in monetary policy and only vague promises related to September. While the ECB is likely to act amid weakening economic outlook, this is certainly below expectations that ballooned over the past few days. As a result we observe DE30 tumbling by nearly 2% and EURUSD recovering from 1.11 to 1.1180.
Daily Summary - Powerful NFP report could delay Fed rate cuts
Daily summary: Weak US data drags markets down, precious metals under pressure again!
BREAKING: US RETAIL SALES BELOW EXPECTATIONS
Takaichi’s party wins elections in Japan – a return of debt concerns? 💰✂️