With some calling for the ECB to cut rates, Michael Hewson questions whether they are likely to do so and how this might impact the euro and other key global markets.
- ECB unlikely to change rates given that the data is not poor enough and they have just introduced new inflation forecasts
- Yellen’s ‘six month’ comment has seen several US bond prices fall below their 200DMA
- USD/JPY may be looking to break higher and any move above ¥105.50 may target ¥110
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Video content by Michael Hewson of CMC Markets.
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