ECB hikes 75bps as expected; Scraps forward guidance
The tone set by the removal of forward guidance and the lack of information regarding QT led the markets to believe this was a dovish hike.
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The tone set by the removal of forward guidance and the lack of information regarding QT led the markets to believe this was a dovish hike.
The tone set by the removal of forward guidance and the lack of information regarding QT led the markets to believe this was a dovish hike.
EUR/JPY may have caught on late, but it is moving higher with Bund yields in parabolic fashion.
Bund yields are highly correlated with EUR/JPY on the weekly timeframe.
German Bund yields have been on a tear lately and are on their way towards a place they haven’t been in since May 2019
The goal of this meeting will likely be to bide time
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