Eurozone inflation remained elevated in July, with headline CPI holding at 2.9% year-over-year, matching expectations and edging up from 2.8% in June. The bigger surprise came from core inflation, which accelerated to 2.5% from 2.4%, beating expectations for an unchanged reading. While the headline increase was largely driven by higher energy prices, the pickup in […]
The post Eurozone Core Inflation Unexpectedly Accelerates to 2.5%, Reinforcing ECB Hawkishness appeared first on ActionForex.
Intraday bias in EUR/GBP is turned neutral with current retreat. While another rise cannot be ruled out, strong resistance should be seen from 0.8610 support turned resistance to limit upside. On the downside, break of Read more…
Intraday bias in EUR/AUD is turned neutral first with current retreat. Outlook is unchanged that pullback from 1.6617 has completed as a correction at 1.6250. Above 1.6492 will bring retest of 1.6617 first. Firm break Read more…
Intraday bias in EUR/CHF is turned neutral with current retreat. Some consolidations would be seen below 0.9348 first. But further rally is expected as long as 0.9265 resistance turned support holds. Above 0.9348 will resume Read more…