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Donald Trump wrote today that he likes ECB policy, how about Fed Chair Lagarde?

For now, her job is European rate and we will hear from her at 8:45 am ET or 1345 GMT. Better than the video is the low-latency feed here.

This article was written by Adam Button at www.forexlive.com.

The ECB cut rates by 25 basis points, as expected, with a unanimous decision. The press conference is set to begin at 8:45 AM ET.

From a technical perspective, the EURUSD broke below its 100-hour moving average, currently at 1.13495—a key short-term bias barometer. The break increases the bearish tilt, with the next key target coming in at the 1.1271–1.1275 area. That zone includes:

• The July 2023 high at 1.1275

• The 61.8% retracement of the 2020 high to 2022 low at 1.12709

A break below this dual support would further open the downside. Watch for additional targets at the 38.2% retracement of the recent move up from last week’s low and the rising 200-hour moving average.

Sellers are starting to take control—but need follow-through below key support to build momentum.

This article was written by Greg Michalowski at www.forexlive.com.

US initial jobless claims fell -9k to 215k in the week ending April 12, below expectation of 224k. Four-week moving average of initial claims fell -2.5k to 221k. Continuing claims rose 41k to 1885k in the week ending April 5. Four-week moving average of continuing claims rose 1k to 1867k. Full US jobless claims release […]

The post US initial jobless claims fall to 215k, vs exp 224k appeared first on Action Forex.

• Monetary policy is well positioned, doesn’t see need to change rates any time soon
• Tariffs will drive up inflation this year and lower growth

There isn’t much support for a rate cut any time soon, though markets are pricing in a big pivot and quickly.

This article was written by Adam Button at www.forexlive.com.

ECB cut its deposit rate by 25 bps points to 2.25% as widely expected, but the more notable shift came in the tone of its accompanying statement. ECB completely removed the reference to its policy stance being “restrictive,” a phrase that had previously signaled a bias toward further monetary easing. This change suggests policymakers believe […]

The post ECB cuts rates to 2.25%, drops “restrictive” language amid mounting uncertainty appeared first on Action Forex.