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Thomson Reuters
Oct 30 - 06:12 AM
EUR/USD - Today's Data Will Feed EUR/USD Bears First Then Bulls
First appeared on eFXplus on Oct 30 - 03:50 AM
  • EZ GDP yy f/c 1.8%, slowest rate since Q1 2017, yet still growth
  • EZ business climate f/c 1.14, lowest since May 17, but froth off top
  • Both data released at 10GMT, both a cooling of very strong situations
  • German inflation at 13GMT f/c 2.4% yy would be highest since Nov 2011
  • Slower growth, inflation starting to matter. Mix to encourage ECB tightening
  • Data today may lead traders to sell but end with a short-covering rally

German CPI Click here

EZ GDP Click here

Source:
Thomson Reuters IFR Markets

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