May 2018 Eurozine flash HICP inflation data 31 May 2018
- Prior 1.2%
- Core 1.1% vs 1.0% exp y/y. Prior 0.7%
Also out;
- Eurozone unemployment rate Apr 2018 8.5% vs 8.4% exp. Prior 8.5%. Revised to 8.6%
- Italy HICP 1.1% vs 1.0% exp y/y. Prior 0.6%
- CPI 1.1% vs 0.8% exp y/y. Prior 0.5%
A beat all round but no further reaction in EURUSD as it stays near the highs of the day. 1.1710 trades form the 1.1724 highs.
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Looks like algos are loading for more. Nice rebound there on Fib 23.6%
https://uploads.disquscdn.com/images/318d9a3c6d64a99fa0c57486c67aab9604985536a7414cb78061155e5a65c9b7.png
Could rebound @ 200 HMA around 1.1690