FED vs ECB - Soft Landing
Updated
As of today Thursday, December 14, 2023- ECB ( European Central Bank ) at 14:00 PM ( Budapest Time GMT+1 ) will disclouse their interest rate decision in the following categories.
11:00 EUR EU Leaders Summit
14:15 EUR Deposit Facility Rate (Dec)
14:15 EUR ECB Marginal Lending Facility
14:15 EUR ECB Monetary Policy Statement
14:15 EUR ECB Interest Rate Decision (Dec)
Over the last 2Mto 1M , depending on the data frequency, such as weekly or montly we have observed that, generally speaking, inflation is under control in the Eurozone. Therefore, any further rate hikes from the ECB are absolutely unnecessary and would cause serious issues in the Italian and German economies.
Even though a rate hike would cause an immediate surge in EUR/USD, which is certainly in my interest since I hold a long position, in the case of a rate hike, I would close it nearly immediately.
I expect that today the ECB will keep interest rates unchanged to allow time for the effects of their previous measures to fully transmit into the economy
11:00 EUR EU Leaders Summit
14:15 EUR Deposit Facility Rate (Dec)
14:15 EUR ECB Marginal Lending Facility
14:15 EUR ECB Monetary Policy Statement
14:15 EUR ECB Interest Rate Decision (Dec)
Over the last 2Mto 1M , depending on the data frequency, such as weekly or montly we have observed that, generally speaking, inflation is under control in the Eurozone. Therefore, any further rate hikes from the ECB are absolutely unnecessary and would cause serious issues in the Italian and German economies.
Even though a rate hike would cause an immediate surge in EUR/USD, which is certainly in my interest since I hold a long position, in the case of a rate hike, I would close it nearly immediately.
I expect that today the ECB will keep interest rates unchanged to allow time for the effects of their previous measures to fully transmit into the economy
Note
As I signaled on 15.dec after we saw the Europena DATA ""Today German PMI , Service PMI and French ( HCPI NOV). showing a huge contradiction what Cristian Legard said.
Close the buy and wait. I don't like when central banks lie.""
IF today the CPI will lower than expected EURO can plumet to 1.08340 - 1,08200.
If the date is suppport the current price I just simply gonna take - profit .
I believe tha today data iscrucial than we thinks in terms of this week.
Trade closed: target reached
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