Daily Alert – Thursday 7th March 2024: ECB getting ready for a cut

Mark NugentDaily Alert, March 2024

Daily Alert – Thursday 7th March 2024: ECB getting ready for a cut

Good afternoon.

The ECB held the interest rate at 4.0% as expected. Both GDP and inflation forecasts were revised downwards, increasing the chances of a cut sooner rather than later. The EUR fell.

My Japan225 trade exited for a gain of around 1.7%. I closed half my bitcoin trade and moved my stoploss into the money. I will close it on Friday night if not before. It will make at least 1.5%.

I’ll be back tomorrow with your Performance Report for February and YTD.

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