Select Language

EUR: ECB CPI expectations surprise w/ markets still pricing June cut - Scotiabank

Breaking news

EUR: ECB CPI expectations surprise w/ markets still pricing June cut - Scotiabank

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2025.04.29 20:22
EUR: ECB CPI expectations surprise w/ markets still pricing June cut - Scotiabank

update 2025.04.29 20:22

Euro (EUR) is soft, down 0.3% against the US Dollar (USD) and a mid-performer among the G10 in an environment of broad-based USD strength, Scotiabank's Chief FX Strategist Shaun Osborne notes.

EUR is soft on the day

"Second-tier confidence data were broadly (albeit marginally) disappointing while the ECB's CPI expectations figures delivered an unexpected rise. The tone from the ECB has been broadly dovish, and it will be interesting to see (if, and) how these inflation expectations figures are discussed. Markets are still roughly pricing one full 25bpt cut at the June meeting."

"The trend is bullish but momentum is softening, reflecting the nearly three week range that has seen movement bound between support in the mid-1.12s and resistance in the mid/upper-1.15s."


Date

Created

 : 2025.04.29

Update

Last updated

 : 2025.04.29

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

Dow Jones rallies 300 points as soft US data fuels Fed rate cut bets

The Dow Jones Industrial Average (DJIA) surged over 300 points or 0.80% on Tuesday as softer-than-expected United States (US) economic data suggested the need for lower interest rates, as witnessed by the fall of US Treasury yields.
New
update2025.04.30 02:28

USD/CHF holds ground after tariff relief, jobs data

The USD/CHF pair is trading around 0.8900 during the North American session on Tuesday, benefiting from broader US Dollar (USD) strength. US Secretary of Commerce Howard Lutnick revealed White House plans aimed at easing tariffs on US automakers, supporting a mild recovery in global risk appetite.
New
update2025.04.30 02:06

EUR/CAD Price Analysis: Euro steadies against Canadian Dollar despite minor pullback

The EUR/CAD was seen trading around the 1.5800 zone after the European session on Tuesday, showing little movement on the day after a slight decline. Despite the minor dip, the overall technical setup stays bullish.
New
update2025.04.30 01:05

US Lutnick: Domestic car makers could move supply chains to the US

US Secretary of Commerce Howard Lutnick unveiled White House's plans for US auto markers. 
New
update2025.04.30 00:54

EUR/USD Price Analysis: Bullish trend holds despite minor pullback after European session

The EUR/USD is flashing a bullish tone on Tuesday's session after the European close, even as the pair slightly retraced from earlier highs and now trades near the mid-1.13 to low-1.14 area. Despite a modest dip during the session, broader technical signals continue to suggest upside potential.
New
update2025.04.30 00:30

GBP/USD slips below 1.34 as risk rally fades, US data disappoints

The Pound Sterling depreciates against the US Dollar and falls after testing the year-to-date (YTD) high of 1.3443. However, it fails to remain above 1.34 as it extends its losses. At the time of writing, the GBP/USD trades at 1.3379, down 0.29%.
New
update2025.04.30 00:21

USD/CAD continues to hold 1.3800 on slight optimism in US-China trade war de-escalation

The USD/CAD pair moves slightly higher to near 1.3855 during North American trading hours on Tuesday. The Loonie pair gains as the US Dollar (USD) ticks higher, with investors turning slightly optimistic on de-escalation in the trade war between the United States (US) and China.
New
update2025.04.29 23:53

China waives tariffs on US ethane imports - Reuters

Citing two sources familiar with the matter, Reuters reported on Tuesday that China has decided to waive the 125% tariff on ethane imports from the United States imposed earlier this month.
New
update2025.04.29 23:10

US CB Consumer Confidence Index dropped to 86.0 in April

US consumer sentiment extended its decline in April, as the Conference Board's Consumer Confidence Index fell from 93.9 (revised from 92.9) to 86.0--its weakest reading since April 2020.
New
update2025.04.29 23:04

USD/JPY holds above 142.00 ahead of US JOLTS Job Openings data, BoJ policy eyed

The USD/JPY pair ticks higher to near 142.30 during the North American session on Tuesday. The pair edges up as the US Dollar (USD) steadies ahead of the United States (US) JOLTS Job Openings data for March, which will be published at 14:00 GMT.
New
update2025.04.29 22:39

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel