News & Insights

ECB interest rate decision out this week

ECB interest rate decision out this week

by Tiffany Wang, Analyst

The US consumer prices rose slightly more than anticipated in September, and the year-on-year core rate increased. This signals the Fed may be less aggressive than previously thought. Last week, expectations for an October rate cut shifted towards a 25 bps hike. The key event to watch this week is the ECB interest rate decision on October 17.

Market Overview from WOO X Research

BTC has successfully broken through the daily moving average (MA140) at $62,371, marking the sixth attempt since the March 14 pullback from $73,777.  

If BTC can hold above $66,000, it could signal the end of the 210-day correction, with an initial target of $84,000.  

However, a drop below $62,371 may lead to a return to the consolidation phase.

Visit WOO X Research for additional insights

—

The content above is neither a recommendation for investment and trading strategies nor does it constitute an investment offer, solicitation, or recommendation of any product or service. The content is for informational sharing purposes only. Anyone who makes or changes the investment decision based on the content shall undertake the result or loss by himself/herself.

The content of this document has been translated into different languages and shared throughout different platforms. In case of any discrepancy or inconsistency between different posts caused by mistranslations, the English version on our official website shall prevail.

Read Next
VSN Volume Voyage: Trade and Win!

VSN Volume Voyage: Trade and Win!

The future is clear with Vision (VSN). Trade your way into our Lucky Draw for a chance to unlock exclusive rewards. Every trade brings you closer to victory. Campaign period: Sep 29, 10:00 - Oct 3, 23:59 (UTC), 5 days Campaign overview Campaign rules 1. Trade to win: Lucky Draw * Tickets are awarded based on the specific threshold met for each tier, and are not cumulative across tiers. Achieve minimum thresholds in VSN/USDT volume to win the corresponding amount of tickets for each tier. 

Tokenized Corporate Bonds: Unlocking liquidity and efficiency with blockchain for investors and issuers

Tokenized Corporate Bonds: Unlocking liquidity and efficiency with blockchain for investors and issuers

Tokenized corporate bonds use blockchain to boost liquidity, transparency, and access, transforming fixed-income investing with smart contracts and fractional ownership.