Eurozone Inflation Rises To 2% As Estimatedfxcue.com

(fxcue news) - Eurozone inflation returned to the 2 percent target in October, final data from Eurostat showed on Tuesday. The harmonized index of consumer prices climbed as initially estimated in October after rising 1.7 percent in September. Core inflation that excludes prices of energy, food, alcohol and tobacco, remained unchanged at 2.7 percent in October, in line with the flash estimate published on October 31. At the October meeting, the European Central Bank had cut its key interest rates by 25 basis points as policymakers assessed that the disinflation process is on track. The bank had reduced rates by the same volume in September. The main driver of overall inflation was services cost, which advanced 4.0 percent annually in October, slightly faster than the 3.9 percent rise in September. Food, alcohol and tobacco prices gained 2.9 percent and non-energy industrial goods prices moved up 0.5 percent. Meanwhile, energy prices declined 4.6 percent, but slower than the 6.1 percent fall seen in September. Eurostat confirmed monthly HICP inflation at 0.3 percent. Core consumer prices grew 0.2 percent on month. EU inflation increased to 2.3 percent in October from 2.1 percent in the previous month. A year earlier, inflation stood at 3.6 percent.

Eurozone Inflation Rises To 2% As Estimated

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Eurozone Inflation Rises To 2% As Estimated

Bay Street Likely To Open On Positive Note

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Trader

I took a two-day break and continued trading. Today, all gold purchases were profitable.

Make two gold trades and make a profit.

Gold operation strategy: sell under pressure 2600, stop loss 2597, target 2580;

Buy directly near gold 2590, target 2618-2627-2643; If you place a sell order near the three o'clock mark of 2618, 2627, and 2643 for the first time; If given around 2586 and 2578, you can buy in batches;

Sell 2/10 of the positions in batches near 2595-2598 in the morning session of the gold market, with a stop loss of 6 points. Target around 2580-2570, break below the 2560 line;

Gold operation strategy: Sell gold at 2600-2606, stop loss at 2612, target at the 2560-2563 line, break through at 2548-53;

Gold trading strategy: Buy at 2580 in the Asian and European markets, stop loss at 2573, target at 2590-2593; Under pressure in the European and American markets, sell at 2600 with a stop loss of 2597 and a target of 2580;

Crude oil finally fell sharply last Friday, falling below the key support level of 67.6. Today, it rebounded and sold at this level. In terms of operations, crude oil rebounded and sold around 67.6.

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Eurozone Inflation Rises To 2% As Estimated

Asian Markets Trade Mostly Higher

Euro Slides Against Majors

U.S. Housing Starts Tumble More Than Expected In October

CPI Uptick

Bay Street Seen Opening Lower On Geopolitical Concerns; Canadian Inflation Data In Focus

European Stocks Tumble As Russia-Ukraine War Hurts Sentiment

Eurozone Inflation Rises To 2% As Estimated

Bay Street Likely To Open On Positive Note

Please sign in

Trader

I took a two-day break and continued trading. Today, all gold purchases were profitable.

Make two gold trades and make a profit.

Gold operation strategy: sell under pressure 2600, stop loss 2597, target 2580;

Buy directly near gold 2590, target 2618-2627-2643; If you place a sell order near the three o'clock mark of 2618, 2627, and 2643 for the first time; If given around 2586 and 2578, you can buy in batches;

Sell 2/10 of the positions in batches near 2595-2598 in the morning session of the gold market, with a stop loss of 6 points. Target around 2580-2570, break below the 2560 line;

Gold operation strategy: Sell gold at 2600-2606, stop loss at 2612, target at the 2560-2563 line, break through at 2548-53;

Gold trading strategy: Buy at 2580 in the Asian and European markets, stop loss at 2573, target at 2590-2593; Under pressure in the European and American markets, sell at 2600 with a stop loss of 2597 and a target of 2580;

Crude oil finally fell sharply last Friday, falling below the key support level of 67.6. Today, it rebounded and sold at this level. In terms of operations, crude oil rebounded and sold around 67.6.

Tags

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