Fundamental Euro Forecast: Neutral. • According to reports, the European Central Bank is disappointed that the markets priced in only a marginal probability of an interest rate cut after its President Christine Lagarde’s press conference on January 21. • That suggests other members of the ECB’s Governing Council will try to push the message out that a cut is possible to boost economic growth and weaken the currency. • At present, the markets are pricing in just a 70% chance of a tiny cut by the end of this year so if the ECB manages to persuade them to push that figure higher then EUR/USD might well fall back. ... (full story)