ECB Prepares for Rate Hike, Becoming the G7's Hawkish Leader

EURUSD is trading at 1.1524, losing 0.74% in the last 24 hours. Although the RSI at 18 indicates oversold territory, news that the ECB is preparing for a rate hike could support the Euro in the short term. However, the price remains below the 20-day and 50-day moving averages (1.1587 and 1.1606), signaling a sustained downtrend. The MACD line below the signal line also confirms selling pressure. Therefore, despite oversold conditions, further downside movement is expected in the near term.

Despite the EURTRY's RSI being in oversold territory at 20.4, news that the ECB is preparing for a rate hike could strengthen the euro and put pressure on the Turkish lira. The MACD line is below the signal line and in negative territory, indicating that short-term bearish momentum may continue. The price is trading below both the 20-day and 50-day moving averages, presenting a technically weak outlook. However, due to oversold conditions, the pace of the decline may be limited, and some consolidation could occur in the near term.

News that the European Central Bank (ECB) is preparing to raise interest rates has increased tightening concerns in the markets, potentially putting pressure on the DAX. Technical indicators support this view: although the RSI is approaching oversold territory at 36, the MACD remains below the signal line and in negative territory. Trading below its 20- and 50-day moving averages, the index could sustain its short-term downward trend. However, due to oversold conditions, some buying on dips may occur, limiting the pace of the decline.

News that the European Central Bank (ECB) is preparing for a rate hike may increase tightening concerns in the markets. The CAC index is currently trading below its 20-day moving average (8234), with the RSI at 47.5 giving a weak signal in neutral territory. The MACD line remains below the signal line, indicating negative short-term momentum. The rate hike expectation could put pressure on interest-sensitive sectors in particular, increasing the risk of the index falling below the 8200 level.