It\u2019s official: the ECB held its deposit rate at 2.25% today, exactly as markets expected. \ud83d\udccc No surprises on the number, but the tone told the real\u00a0story.<\/p>\n
\ud83d\udee2\ufe0f Energy still runs the show.<\/strong> Lagarde confirmed the ECB is watching geopolitical risk to energy markets closely, not committing to any path. She\u2019s sticking to a meeting by meeting, fully data dependent approach, refusing to pre commit on September. That\u2019s a deliberate hedge: the Middle East oil shock hasn\u2019t gone away, it\u2019s just paused for\u00a0now.<\/p>\n \ud83c\udfaf September is where the real decision sits.<\/strong> July was a non projection meeting, so there was no fresh forecast to justify a move either way. Markets are already pricing around 23 basis points of a hike for September 10, when new inflation and growth projections land. That\u2019s the meeting to watch, not this\u00a0one.<\/p>\n \u2696\ufe0f EUR\/USD slipped after the decision.<\/strong> The pair has pulled back to around $1.138, down from the pre-decision $1.14 range. With no clear hawkish surprise from Lagarde, the dollar side of the ledger is winning for now. All eyes shift to the Fed\u2019s July 29 decision, just six days\u00a0out.<\/p>\n \ud83d\udd0d Bottom line:<\/strong> today was a placeholder, not a pivot. The ECB bought itself six more weeks to see whether energy prices force its hand in September.<\/p>\n Trade the divergence with NordFX \ud83d\udc49 https:\/\/my.nordfx.com\/en\/registration?utm_source=social&utm_medium=post&utm_campaign=nordfx<\/a><\/p>\n ECB Holds at 2.25%: What the Decision Really Means for EUR\/USD | NordFX<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" It\u2019s official: the ECB held its deposit rate at 2.25% today, exactly as markets expected. \ud83d\udccc No surprises on the number, but the tone told the real\u00a0story. \ud83d\udee2\ufe0f Energy still runs the show. Lagarde confirmed the ECB is watching geopolitical risk to energy markets closely, not committing to any path. She\u2019s sticking to a meeting […]<\/p>\n","protected":false},"author":0,"featured_media":203000,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-202999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/202999"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=202999"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/202999\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/203000"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=202999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=202999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=202999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}