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
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
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.