The ECB is set to deliver another 25 basis points (bps) cut after the April policy meeting, reducing the benchmark rate on the deposit facility to 2.25% from 2.5%, with the disinflation process remaining on track. That being said, my Short-Term Outlook: Euro Likely to Decline
Lower interest rates reduce the returns investors can earn from euro-denominated assets (like bonds), making the euro less attractive globally.
Because this cut was expected, a small decline might already be "priced in." However, if the ECB hints at more cuts to come or shows a dovish tone, the euro might fall further.
My first TP for this week and early on Next week will be
1st Tp @1.2000 zone
2nd Tp aggressive traders with trailing sl.@1.10560 handle
good luck
Lower interest rates reduce the returns investors can earn from euro-denominated assets (like bonds), making the euro less attractive globally.
Because this cut was expected, a small decline might already be "priced in." However, if the ECB hints at more cuts to come or shows a dovish tone, the euro might fall further.
My first TP for this week and early on Next week will be
1st Tp @1.2000 zone
2nd Tp aggressive traders with trailing sl.@1.10560 handle
good luck
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.