The European Central Bank cut interest rates by 25 basis points, and the market paid attention to the Fed's latest statement

BlockBeats News, on April 18, the European Central Bank cut interest rates by 25BP as scheduled, the seventh rate cut in the past year, note that the decision was unanimously adopted. On top of that, Trump urged the Fed to cut interest rates long ago, as the European Central Bank did. According to the latest CME Fed Watch data, the probability of keeping interest rates unchanged in May is 86.3%, the probability of a 25 basis point rate cut is 13.7%, the probability of keeping interest rates unchanged by June is 38.2%, the probability of a cumulative rate cut of 25 basis points is 54.1%, and the probability of a cumulative rate cut of 50 basis points is 7.6%. Overall, monetary policy easing and the severe global trade situation have become the two major factors supporting gold prices in the near future. (Golden Ten)