#ecbwunschcallsforjulyhikelfdataweakens
ecbwunschcallsforjulyhikelfdataweakens
0 views
2 Discussing
Hot
Latest
🚨 ECB Potentially Raising Interest Rates Again in July!
Even though the US-Iran peace deal has eased global crude oil prices, hawkish ECB official Pierre Wunsch has confirmed that the option for an interest rate hike in July is still wide open.
Here are the key points traders should keep an eye on:
Service Inflation Still High: The spike in Eurozone service sector inflation to 3.5% in May has raised concerns that domestic inflation pressures remain very persistent.
25 Bps Hike Awaited: If economic data doesn't improve, Wunsch is ready to recommend a second interest rate hike of 25 basis points at the July meeting to play it safe.
Market Impact: This ongoing monetary tightening policy could provide a boost to the Euro (EUR) in the forex market and affect the volatility of macro assets.
Keep an eye on the upcoming Eurozone economic data releases to gauge market direction!
#ECBWunschCallsForJulyHikelfDataWeakens #ECB #MacroEconomy #CryptoTrading #ForexNews
Even though the US-Iran peace deal has eased global crude oil prices, hawkish ECB official Pierre Wunsch has confirmed that the option for an interest rate hike in July is still wide open.
Here are the key points traders should keep an eye on:
Service Inflation Still High: The spike in Eurozone service sector inflation to 3.5% in May has raised concerns that domestic inflation pressures remain very persistent.
25 Bps Hike Awaited: If economic data doesn't improve, Wunsch is ready to recommend a second interest rate hike of 25 basis points at the July meeting to play it safe.
Market Impact: This ongoing monetary tightening policy could provide a boost to the Euro (EUR) in the forex market and affect the volatility of macro assets.
Keep an eye on the upcoming Eurozone economic data releases to gauge market direction!
#ECBWunschCallsForJulyHikelfDataWeakens #ECB #MacroEconomy #CryptoTrading #ForexNews
Log in to explore more content