2:03 PM · 25 July 2019

DAX craters, EURUSD spikes after the ECB meeting

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.

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Morning Wrap: Nvidia sell-off weighs on indices - how many more Huang's affairs must the market price-in? (12.11.2026)

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Economic Calendar: UK GDP, Series of Fed Speeches, and Inflation Pressure in Japan

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