Eurozone GDP preliminary data

• Core Consumer Price Index (CPI) (y/y) (oct), 1.1% fact, 1.1% forecast.
• Consumer Price Index (CPI) (y/y) (oct), fact 0.7%, forecast 0.7%.
• Consumer Price Index (CPI) (m/m) (oct), fact 0.1%, forecast 0.2%.
• Trade balance (September), fact 18.7B, forecast 17.5B.

According to preliminary data, the main indicators of the eurozone GDP fully coincided with expectations. At the same time, less significant indicators of inflation and the trade balance showed multidirectional dynamics. This can be regarded as restrained multidirectional data.

Fig. 1. Eurozone Consumer Price Index (CPI) Chart

Ambiguous data on the eurozone did not actually affect the euro. The EUR/USD pair maintains a restrained downward trend on the correction after the growth and the growth of optimism, which provides a support to the American dollar, limited by resistance levels: 1.1030 and 1.1050, support: 1.1010 and 1.0990.

Fig. 2. EUR/USD chart

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Hanzenko Anton

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