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.
RBA turns increasingly hawkish as markets reprice November rate hike expectations ⚔️
US Natural gas extends declines 🔥📉
Macro Calendar - UK Labor Market, ZEW Sentiment, and Wall Street Giants' Reports
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