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Oct 28 - 03:55 AM

EUR/USD - Lots More Inflation, Less Growth - Time To Reassess EUR/USD

By Jeremy Boulton  —  Oct 28 - 02:20 AM
  • Germany's NW state CPI leaps to 11% yy in October

  • German Q3 GDP at 8GMT seen -0.2% qq, SA GDP yy 0.8% from 1.7%

  • Stagflation in Germany set to undermine bullish positions

  • EUR/USD soared ahead ECB and dipped after the meeting

  • U.S. Q3 GDP beat f/c rising 2.6%, DJI +12% in 10 days

  • Diverging fundamentals weighing, bullish momentum wanes, mkt long

  • A return to neutral ground within recent ranges (0.9840) looks likely


Source:
Refinitiv IFR Research/Market Commentary

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