External broker reports(aggregated public sources), Nordea

Nordea

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External broker reports(aggregated public sources)

Macroeconomics

United kingdom & United states / Macroeconomics

<ul><li>Data dependency is the name of the game, as central banks ponder their next steps.</li><li>We think the most likely path for the ECB remains one of quarterly rate cuts, while we see the Fed slashing rates in December. EUR/USD could fall further.</li><li>The ECB started its rate cuts this month, the Fed didn’t, but both central banks have made it clear that they remain in a data-dependent mode and have not given clear signals about what will happen at the next few meetings. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Data dependency is the name of the game, as central banks ponder their next steps.We think the most likely path for the ECB remains one of quarterly rate cuts, while we see the Fed slashing rates in December. EUR/USD could fall further.The ECB started its rate cuts this month, the Fed didn’t, but both central banks have made it clear that they remain in a data-dependent mode and have not given clear signals about what will happen at the next few meetings. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Major forecasts: It’s all data dependent