The models are broken
The market is trying to get back to the pre-Covid and pre-war times, but that model is broken. A new dawn is here and the financial world needs to adapt.
Steen Jakobsen,
Chief Investment Officer
Head of FX Strategy
Summary: The ECB did all it could do exceed the bar of dovish expectations today and EURUSD is poking at the key local breakout level once again. This could finally set a fresh trending move in motion if a break can hold through Friday’s close.