Goldman Sachs and Bank of America, in their latest notes to investors, indicate that they expect a 75 bps hike next week from the ECB.
Many ECB bankers are pointing to this scenario. Today, Holtmann indicated that 50 bps is the minimum, while 75 is very likely. Also, earlier during Jackson Hole, there was a lot of talk from the ECB that a stronger move could be expected
How does the market see it? The market is pricing in 75 bps, but by October. A full hike in September is not yet priced in.
Meanwhile, EURUSD is testing the highest levels since Jackson Hole. The potential target after breaking through these levels is 1.015. Source: xStation5
Daily summary: Alphabet shares support sentiments on Wall Street 🗽Oil, precious metals and crypto slide
Morning wrap (07.01.2026)
BREAKING: EURUSD muted; US services growth cools in December as demand softens 📌
Barkin and Miran remain on opposite sides of the Fed policy path🎙️