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 Telegram : Dave FX Hunter        28 October Avenue, Limassol, 3035, Cyprus

EURO – Important facts to know before European Central bank meeting

FUNDAMENTALS  FACTS

German Factory Manager Purchasing index dropped to the seven years low.

Low inflation and bank crisis.

40% probability of the cut 10 Bps this week and next cut till end of the year

FOMC next week potential cut from 2.5 to 2.25

COT DATA – Banks are bearish, we could see the potential short term rally if they will not cut the rates today, but long term banks are positioned for big downtrend.

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