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$BTC shorts printing for us now as well - ascending expansion is breaking down here with liquidity to grab lower. Should push and set the necessary higher low for the upcoming CHOCH breakout thereafter.
The European Central Bank has just raised interest rates by 25 basis points.
This is already the second rate hike this year!
Surging oil prices are reigniting inflationary pressures.
The high-interest-rate trade is once again burning its way back through global markets!
The European Central Bank has most recently raised its key interest rate from 2.25% to 2.50%, marking the second hike this year. After Brent crude climbed back above $100, energy costs are pushing up inflationary pressures in the eurozone, and the ECB has also made clear that future decisions will continue to depend on inflation and economic data.