- Analytics
- News and Tools
- Market News
- ECB Preview: Three scenarios and their implications for EUR/USD – TDS
ECB Preview: Three scenarios and their implications for EUR/USD – TDS
Economists at TD Securities discuss the European Central Bank (ECB) Interest Rate Decision and their implications for the EUR/USD pair.
Hawkish (45%): 25 bps hike and dovish guidance
25 bps hike with slightly softer language in the press statement. President Lagarde reiterates the importance of remaining data dependent, but softens her language around further hikes to imply that the bar is now higher for further hikes. EUR/USD +0.50%.
Base case (50%): Hawkish hold
The GC delivers a hold but the language in the press statement remains similar to July. President Lagarde keeps the communiqué similar to July and reiterates that future decisions will be a function of the data. EUR/USD +0.25%.
Dovish (5%): Dovish hold
The GC delivers a hold and softens the language slightly in the press statement, suggesting that there is a high bar for hikes to resume. President Lagarde reiterates the need to remain data dependent in making policy decisions but suggests substantial upside surprises are needed to result in another hike. EUR/USD -0.60%.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
