Bitcoin 
Ethereum 
Tether 
BNB 
XRP 
USDC 
Solana 
TRON 
Lido Staked Ether 
Figure Heloc 
We can now see that our efforts to bring inflation down have been effectiveWe continue to expect inflation to stabilise at our 2% target in the medium-termWe therefore decided to keep key ECB interest rates unchanged at our monetary policy meeting earlier this monthWe will continue to follow a data-dependent and meeting-by-meeting approach to determining the appropriate monetary policy stanceOur interest rate decisions will be based on our assessment of the inflation outlook and the risks surrounding itWe are not pre-committing to a particular interest rate pathThe ECB pays close attention to households’ inflation perceptionsInflation perceptions matter for three reasonsFirst, perceptions directly influence economic behaviourSecond, perceptions of current inflation shape expectations about future inflationThird, inflation perceptions can influence public trust in institutions – including the ECBFull transcriptThere’s nothing in her speech that really stands out from what has already been communicated before this. The ECB remains on the sidelines and are not yet in a position to pre-commit to moving just yet. As things stand, markets are also not pricing in any rate changes by the central bank for the whole of this year.
This article was written by Justin Low at investinglive.com.
đź’ˇ DMK Insight
The ECB’s decision to hold interest rates steady signals confidence in their inflation strategy, but it’s a double-edged sword for traders. With inflation expected to stabilize at 2%, traders should be wary of how this impacts the euro against other currencies. A stable inflation outlook could strengthen the euro, but if economic data starts to falter, we might see a shift in sentiment. This decision also reflects a broader trend among central banks to remain cautious, which could lead to volatility in forex pairs, especially EUR/USD. Keep an eye on economic indicators like GDP growth and employment rates, as these will be pivotal in shaping future ECB decisions. If inflation shows signs of rising again, expect the ECB to pivot quickly, which could create trading opportunities. Watch for key levels around the 1.10 mark for EUR/USD; a break above could signal bullish momentum, while a drop below could indicate bearish sentiment. The next few weeks will be crucial as traders digest upcoming economic data releases.
đź“® Takeaway
Monitor EUR/USD closely around the 1.10 level; a break could signal a shift in momentum based on upcoming economic data.
