EUR/USD Eyes Eurozone CPI, Headline Seen Rising to 4.0% From 3.8%
The source reports no price move, pip figure or technical levels. The European session agenda opens with the final services PMI readings for the major Eurozone economies and the UK. According to the source, these final figures are not expected to change anything for the respective central banks, the ECB and the Bank of England, so the market reaction is likely to be muted. The main highlight of the session is the Eurozone CPI report. Headline CPI Y/Y is expected at 4.0%, up from 3.8% previously. Core CPI Y/Y is forecast unchanged at 2.5%. For traders in euro pairs, the CPI release is the key scheduled event of the European session. The data will be judged against the 4.0% headline and 2.5% core consensus, while the services PMIs are viewed as low-impact for central bank expectations.
Related Symbols:
EURUSD
EURGBP
This is a summary of the original article by Forexlive. To read the complete article, please visit the source website:
Read Full Article at ForexliveNews data provided by Finnhub. ForexSentiment.live provides this summary as a convenience with proper attribution to the original source. The full article is available at the original publisher's website.
