BREAKING: Spanish CPI lower than expected with higher GDP print 📌

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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BREAKING: Spanish CPI lower than expected with higher GDP print 📌

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