Eurozone Data

• Level of wages (y/y) (Q2), fact 2.70%, previous value 2.70%
• Trade balance (July), fact 24.8B, forecast 17.4B.

The eurozone trade surplus reached its maximum value for the year. At the same time, the level of wages remains near the maximum values, despite the coincidence with the previous value.

Fig. 1. Eurozone trade balance chart

At the same time, the euro is trading modestly after rising at the beginning of the day and trading on Thursday, in fact, being limited by overbought and resistance levels for the EUR/USD pair: 1.1110 and 1.1130.

Fig. 2. EUR/USD chart. Current price – 1.1090

Read also: “Stock Indices: Storming Historic Highs”

Hanzenko Anton

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