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.
Chart of the day: GBPUSD down on slower UK GDP growth! Unbreakable sideways trend?
Economic Calendar: US PPI, jobless claims and Fed speeches to bring more insight after uneventful CPI (13.08.2026)
Morning Wrap: Wall Street tech rally spills over to Asia. Iran toughens its negotiation stance (13.08.2026)
Daily Summary: Wall Street Gains After CPI Data 📈 Gold and EURUSD Move Lower