08:00 AM BST, Spain - Inflation Data for September:
- Spanish HICP: actual 1.7% YoY; forecast 1.9% YoY; previous 2.4% YoY;
- Spanish HICP: actual -0.1% MoM; forecast 0.1% MoM; previous 0.0% MoM;
- Spanish CPI: actual 1.5% YoY; forecast 1.9% YoY; previous 2.3% YoY;
- Spanish CPI: actual -0.6% MoM; forecast 0.1% MoM; previous 0.0% MoM;
- Spanish GDP: actual 3.1% YoY; forecast 2.9% YoY; previous 2.9% YoY;
The inflation data for Spain comes in lower than expected, following the smaller-than-expected print from France. Both HICP and CPI came in below expectations, which once again provides an argument for faster ECB easing. The EUR/USD is trying to break the previous 15-minute low, after which the next level would be the 61.8% Fibonacci retracement.
Source: xStation
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