US economic data
Positive news came from the jobless claims, which dropped to 241,000, much lower than expected and down from the revised 260,000 from the previous week. US retail sales also did better than predicted, rising by 0.4% from the month before, compared to an expected 0.3% increase. Nonetheless, positive retail sales and strong jobless claims are unlikely to alter the course of the Fed's monetary policy.
ECB rate cut
ECB cuts rates as expected and upcoming months will be crucial as the ECB evaluates economic conditions and decides on its future monetary policy approach.
US dollar index-
The US dollar index showed a minor decline due to profit booking. A break above 104 would confirm a continuation of the bullish trend.
Based on the CME FedWatch Tool, the likelihood of a 25 basis point rate cut in November has risen to 92.2%, up from 89.50% just a week ago.
Positive news came from the jobless claims, which dropped to 241,000, much lower than expected and down from the revised 260,000 from the previous week. US retail sales also did better than predicted, rising by 0.4% from the month before, compared to an expected 0.3% increase. Nonetheless, positive retail sales and strong jobless claims are unlikely to alter the course of the Fed's monetary policy.
ECB rate cut
ECB cuts rates as expected and upcoming months will be crucial as the ECB evaluates economic conditions and decides on its future monetary policy approach.
US dollar index-
The US dollar index showed a minor decline due to profit booking. A break above 104 would confirm a continuation of the bullish trend.
Based on the CME FedWatch Tool, the likelihood of a 25 basis point rate cut in November has risen to 92.2%, up from 89.50% just a week ago.
Transakcja zamknięta: osiągnięto wyznaczony cel
Closed.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.