ECB Set to Deliver Final Rate Hike Next Month in Shortest Tightening Cycle Since 2011

The news indicates that the European Central Bank (ECB) is nearing the end of its rate hike cycle, which could put pressure on the euro. Technically, the price is below the SMA20 and SMA50, with the RSI at 48 showing weak momentum. Although the MACD is above the signal line, it remains at very low levels, providing no clear directional signal. In the short term, the likelihood of a downward move from current levels appears higher than an upward one. However, any movement should be expected to remain limited, as the market may have largely priced in the news.

News that the European Central Bank's rate hike cycle may be coming to an end could limit global risk appetite and put pressure on technology stocks. GOOGL has lost 2.5% over the past 24 hours, with its RSI falling to 43, suggesting that short-term weakness may persist. The MACD is in negative territory and below the signal line, indicating downward momentum. With the price just below the 20-day moving average, the likelihood of testing support levels increases. However, since the news is not directly related to the company and the decline has been limited, confidence remains moderate.

The European Central Bank's (ECB) approach to the end of its rate hike cycle may already be priced in by the market, potentially limiting any positive short-term impact. The DAX index has seen a slight decline over the past 24 hours, with the RSI at 39, indicating a weak zone and persistent selling pressure. The MACD remains below the signal line, with momentum on the negative side. The price is trading below both the SMA20 and SMA50, suggesting a downward short-term trend. Although the news confirms the end of rate hikes, the index's technical outlook remains weak, and the downward trend could continue over the next 1-3 days.

The European Central Bank's approach to the end of its rate hike cycle may reduce expectations of a 'hawkish' surprise in the market, but the signal that the current high interest rate environment will persist could heighten growth concerns. The CAC index is already showing short-term weakness; the RSI at 35.8 is near oversold territory, and the MACD is in negative territory, confirming downward momentum. The price has closed below the SMA20 and SMA50, making the technical outlook negative. Although the news strengthens expectations of peak interest rates, I do not see a strong catalyst for the index to recover in the short term. Therefore, in a 1-3 day perspective, the probability of continued downward movement is higher.