Turtle Soup ICT concept We have a great chart Marked up.As the North American session begins, the AUD is the strongest and the CAD is the weakest. The ECB will announce its rate decision at 8:15 AM ET, with the expectation for a 25 basis point decline
ECB expected to lower deposit rate by 25 basis points from 3.50% to 3.25%, with markets pricing nearly a 100% chance of this outcome.
The sentiment has swayed to a cut after the ECB pattern was to cut in June, no cut in July and cut in Septembers .
September PMI data was much worse than expected which started the sway.
Inflation for September contributed to this dovish outlook with the headline falling to 1.8% from 2.2% and the core falling to 2.7% from 2.8% .
A number of ECB members have hinted at the cut
