A barrage of macro data from EU, here is the scorecard:
European Monetary Union Construction Output s.a (month over month) came in at -0.27 percent above expectations of -0.7%) in May
European Monetary Union Construction Output w.d.a (year over year) came in at 2%, missing expectations of 2.4% in May
Eurozone final CPI rises at 1.3 percent y/y in June, beating expectations
European Monetary Union Consumer Price Index – Core (month over month) came in at 0.4 percent above forecasts of 0.3 percent in June.
European Monetary Union Consumer Price Index – Core (year over year) meets expectations of 1.1 percent in June
European Monetary Union Consumer Price Index (year over year) came in at 1.3 percent above forecasts of 1.2 percent in June.
European Monetary Union Consumer Price Index (month over month) came in at 0.2 percent above forecasts of 0.1 percent in June.
EURUSD didn’t react on the news and trades at 1.1210, if the pair manages to hold the 1.12 area, traders will go long for a rebound up to 1.1237.Don’t miss a beat! Follow us on Twitter.