Eurozone Data
- Core Consumer Price Index (CPI) (y/y), fact 1.1%, forecast 1.0%.
- Consumer Price Index (CPI) (y/y) (oct), fact 0.7%, forecast 0.7%.
- Unemployment rate (September), fact 7.5%, forecast 7.4%.
Preliminary data on the eurozone have been very mixed. Eurozone core inflation data are in line with expectations, confirming a slowdown in consumer inflation in the eurozone.
Fig. 1. Eurozone Consumer Price Index (CPI) Chart
The dynamics of the euro remains restrained, and the market is focused on general negative sentiment and rising risks. The dynamics of the EUR/USD pair remains moderately upward, limited by overbought and correction attempts and limited to the trading range from 1.1180-1.1200 to 1.1150-30.
Fig. 2. EUR/USD chart
Read also: “How Real is the Currency Intervention in the US”
Hanzenko Anton
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- Increased transportation costs: a driver for rising oil prices
- An uncertainty about Brexit is increasing
- Aggravation of the US – eurozone trade tension
Current Investment ideas:
- One more opportunity to earn in October! Sell #CAT shares now!
- Several reasons to buy Cisco Systems, Inc. shares in October. Let’s earn Together!
- Technology giant Microsoft is getting ready to storm new highs! Let’s make money on it!