Timing wise & FA wise :
=> initial swing via ST FED cut expectations (we are there) : min 1.114x max 1.133x
=> retrace swing via ECB (slight) expectations/facts measures. I've just seen ECB statement but, well, they run out of ammo, there is not a lot to expect (compared to FED). FED to set the trend, ECB to provide the ebbs and flows. Perfect, timing wise, as ECB meeting comes before FOMC : min 1.101x max 1.083x
=> impulsive swing : uptrend resumes via further rates cuts expectations on FED side (June, Sep, Dec as current implied probabilities show) : min 1.164x max 1.191x
=> initial swing via ST FED cut expectations (we are there) : min 1.114x max 1.133x
=> retrace swing via ECB (slight) expectations/facts measures. I've just seen ECB statement but, well, they run out of ammo, there is not a lot to expect (compared to FED). FED to set the trend, ECB to provide the ebbs and flows. Perfect, timing wise, as ECB meeting comes before FOMC : min 1.101x max 1.083x
=> impulsive swing : uptrend resumes via further rates cuts expectations on FED side (June, Sep, Dec as current implied probabilities show) : min 1.164x max 1.191x
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