April 2018 Eurozone HICP inflation and MArch 2018 PPI data 3 May 2018

March 2018 PPI

  • 0.1% vs 0.1% exp. Prior 0.1%
  • 2.1% vs 2.1% exp y/y. Prior 1.6%

That’s not a good number at all for inflation at all. The core number is bad. EURUSD hasn’t lost too much on this (1.1970 trades from 1.2005-ish) but if the pound got shaken out of hike mode on bad data, this is nearly just as bad for the ECB.

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
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Ryan Littlestone

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