EMU Inflation for July: 2.0% (expectations: 1.9% YoY; previously: 2.0% YoY)
Core CPI: 2.3% YoY (expectations: 2.3% YoY; previously: 2.3% YoY)
Monthly CPI: 0,0% MoM (expectations: -0.1% MoM; previously: 0.3% Mom)
Inflations numbers are a little bit higher than expectations, which confirms the ECB's decision to keep interest rates unchanged in the near future. Despite higher inflation numbers, EURUSD continues downward pressure, approaching 1.1400 level that was seen last time on June 10.
Daily Summary: Wall Street Gains After CPI Data 📈 Gold and EURUSD Move Lower
Wheat jumps 4% 🔼 USDA estimates lowest U.S. crop since 1970
U.S. crude inventories surge 📈 EIA raises oil price forecast
Gold gains 1.5% 📈