After Powell, financial markets eye ECB
Financial markets are reassessing the risk of recession after Fed Governor J Powell’s warning words and awaiting the ECB’s decision. Volatility remains high.
No major changes to our intermarket dashboards. The previous analyses are confirmed.
As far as macroeconomic events are concerned, today is ECB day. Expectations are for another rate cut. The focus will then be on Governor Lagarde’s words to understand the potential impact and reactions to the US tariff issue. The day will also see the release of US jobless claims and the April Philly Fed.
On the quarterly front, the day offers numbers from Netflix and TSMC. TSMC (microchip maker) is of particular interest after a negative day for ASML and Nvidia.
Our forecast analysis confirms another uncertain day for the financial markets, with technical positions still negative and price and volatility anomalies ‘blocking’ any positive signals.
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NOTES AND WARNINGS
Data compiled by kbmeter.com. Analysis date: 17 April 2025 - 7:29 AM GMT+1
This content is provided for informational purposes only and should not be considered financial advice. All scores and assessments are based on the previous trading day’s closing prices. Futures indications refer to the date and time of the analysis.
