Euro Talking Points: Tomorrow brings European inflation numbers and the expectation is for another jump, this time to 8.9% from last month’s 8.6% headline read with Core CPI expected to increase to 4% from last month’s 3.7% print. The bigger question in Euro price action is if/when/how EUR/USD might finally stage a sustained break below …
When Will Euro Sellers Pose a Sustained Break Below Parity? Read More »
EUR/USDTALKING POINTS EZ Services PMI (JULY) – ACT: 51.2; EST: 50.6 Italian and German PMI’s turn negative! EURO FUNDAMENTAL BACKDROP The euro held up against the greenback this morning after an assortment of eurozone services PMI data hit the economic calendar (see below). We saw worrying signs from both Italy and Germany who now entered …
EUR Sustained on Mixed EU S&P Global Services PMI Data Read More »
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