EUR/USD – Eurozone inflation eases further than expected, US ECI a minor concern

<p><a href="https://api.addthis.com/oexchange/0.8/forward/facebook/offer?url=https%3A%2F%2Fwww.marketpulse.com%2Fforex%2Feur%2Feur-usd-eurozone-inflation-eases-further-than-expected-us-eci-a-minor-concern%2Fcerlam&amp;pubid=ra-525512e4690e068c&amp;title=Marketpulse%20%7C%20Home&amp;ct=1" target="_blank"><img src="https://cache.addthiscdn.com/icons/v3/thumbs/32×32/facebook.png" border="0" alt="Facebook" /></a><a href="https://api.addthis.com/oexchange/0.8/forward/twitter/offer?url=https%3A%2F%2Fwww.marketpulse.com%2Fforex%2Feur%2Feur-usd-eurozone-inflation-eases-further-than-expected-us-eci-a-minor-concern%2Fcerlam&amp;pubid=ra-525512e4690e068c&amp;title=Marketpulse%20%7C%20Home&amp;ct=1" target="_blank"><img src="https://cache.addthiscdn.com/icons/v3/thumbs/32×32/twitter.png" border="0" alt="Twitter" /></a><a href="https://api.addthis.com/oexchange/0.8/forward/email/offer?url=https%3A%2F%2Fwww.marketpulse.com%2Fforex%2Feur%2Feur-usd-eurozone-inflation-eases-further-than-expected-us-eci-a-minor-concern%2Fcerlam&amp;pubid=ra-525512e4690e068c&amp;title=Marketpulse%20%7C%20Home&amp;ct=1" target="_blank"><img src="https://cache.addthiscdn.com/icons/v3/thumbs/32×32/email.png" border="0" alt="Email" /></a></p><ul>
<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Inflation in the eurozone fell below 3% in October, with energy and food prices helping to push the headline number even lower than expected. While this is undoubtedly good news, the core number is probably a more accurate reflection of where things stand and the job the ECB still has in reining in inflation in a sustainable manner."}]}" data-slate-node="element"><strong>Eurozone HICP inflation falls to 2.9% in October </strong></li>
<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Inflation in the eurozone fell below 3% in October, with energy and food prices helping to push the headline number even lower than expected. While this is undoubtedly good news, the core number is probably a more accurate reflection of where things stand and the job the ECB still has in reining in inflation in a sustainable manner."}]}" data-slate-node="element"><strong>US ECI rises to 1.1% in Q3</strong></li>
<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Inflation in the eurozone fell below 3% in October, with energy and food prices helping to push the headline number even lower than expected. While this is undoubtedly good news, the core number is probably a more accurate reflection of where things stand and the job the ECB still has in reining in inflation in a sustainable manner."}]}" data-slate-node="element"><strong>EURUSD continues to look weak</strong></li>
</ul>
<p class="_ParagraphElement_yyl4z_19" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Inflation in the eurozone fell below 3% in October, with energy and food prices helping to push the headline number even lower than expected. While this is undoubtedly good news, the core number is probably a more accurate reflection of where things stand and the job the ECB still has in reining in inflation in a sustainable manner."}]}" data-slate-node="element"><span data-slate-node="text">Inflation in the eurozone fell below 3% in October, with energy and food prices helping to push the headline number even lower than expected. While this is undoubtedly good news, the core number is probably a more accurate reflection of where things stand and the job the ECB still has in reining in inflation in a sustainable manner.</span></p>
<p class="_ParagraphElement_yyl4z_19" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Energy prices in particular are still volatile and base effects in the coming months will likely be less favourable. Underlying price pressures, particularly in services, still have a lot further to fall before the ECB can even consider cutting rates to support an economy that looks destined for recession. "}]}" data-slate-node="element"><span data-slate-node="text">Energy prices in particular are still volatile and base effects in the coming months will likely be less favourable. Underlying price pressures, particularly in services, still have a lot further to fall before the ECB can even consider cutting rates to support an economy that looks destined for recession. </span></p>
<p class="_ParagraphElement_yyl4z_19" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"US ECI beats expectations in a blow to the Fed","bold":true}]}" data-slate-node="element"><span data-slate-node="text"><strong>US ECI beats expectations in a blow to the Fed</strong></span></p>
<p class="_ParagraphElement_yyl4z_19" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The euro initially rallied against the dollar after this morning's releases but that quickly changed following the release of the US quarterly employment cost index. While the 1.1% reading only represented a slight overshoot of the expected figure, that it's so closely monitored by the Fed will come as a setback to those hoping for rates to fall any time soon."}]}" data-slate-node="element" data-slate-fragment="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"><span data-slate-node="text">The euro initially rallied against the dollar after this morning’s releases but that quickly changed following the release of the US quarterly employment cost index. While the 1.1% reading only represented a slight overshoot of the expected figure, that it’s so closely monitored by the Fed will come as a setback to those hoping for rates to fall any time soon.</span></p>
<p style="text-align: center" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The euro initially rallied against the dollar after this morning's releases but that quickly changed following the release of the US quarterly employment cost index. While the 1.1% reading only represented a slight overshoot of the expected figure, that it's so closely monitored by the Fed will come as a setback to those hoping for rates to fall any time soon."}]}" data-slate-node="element" data-slate-fragment="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"><iframe loading="lazy" width="560" height="315" src="https://www.youtube.com/embed/JhVvQ9jeHnY?si=O7UVPK_JBeUJUN-x" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The euro initially rallied against the dollar after this morning's releases but that quickly changed following the release of the US quarterly employment cost index. While the 1.1% reading only represented a slight overshoot of the expected figure, that it's so closely monitored by the Fed will come as a setback to those hoping for rates to fall any time soon."}]}" data-slate-node="element" data-slate-fragment="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"><strong>Euro remains under pressure despite recent gains</strong></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The euro initially rallied against the dollar after this morning's releases but that quickly changed following the release of the US quarterly employment cost index. While the 1.1% reading only represented a slight overshoot of the expected figure, that it's so closely monitored by the Fed will come as a setback to those hoping for rates to fall any time soon."}]}" data-slate-node="element" data-slate-fragment="JTVCJTdCJTIydHlwZSUyMiUzQSUyMnBhcmFncmFwaCUyMiUyQyUyMmNoaWxkcmVuJTIyJTNBJTVCJTdCJTIydGV4dCUyMiUzQSUyMkluZmxhdGlvbiUyMGluJTIwdGhlJTIwZXVyb3pvbmUlMjBmZWxsJTIwYmVsb3clMjAzJTI1JTIwaW4lMjBPY3RvYmVyJTJDJTIwd2l0aCUyMGVuZXJneSUyMGFuZCUyMGZvb2QlMjBwcmljZXMlMjBoZWxwaW5nJTIwdG8lMjBwdXNoJTIwdGhlJTIwaGVhZGxpbmUlMjBudW1iZXIlMjBldmVuJTIwbG93ZXIlMjB0aGFuJTIwZXhwZWN0ZWQuJTIwV2hpbGUlMjB0aGlzJTIwaXMlMjB1bmRvdWJ0ZWRseSUyMGdvb2QlMjBuZXdzJTJDJTIwdGhlJTIwY29yZSUyMG51bWJlciUyMGlzJTIwcHJvYmFibHklMjBhJTIwbW9yZSUyMGFjY3VyYXRlJTIwcmVmbGVjdGlvbiUyMG9mJTIwd2hlcmUlMjB0aGluZ3MlMjBzdGFuZCUyMGFuZCUyMHRoZSUyMGpvYiUyMHRoZSUyMEVDQiUyMHN0aWxsJTIwaGFzJTIwaW4lMjByZWluaW5nJTIwaW4lMjBpbmZsYXRpb24lMjBpbiUyMGElMjBzdXN0YWluYWJsZSUyMG1hbm5lci4lMjIlN0QlNUQlN0QlMkMlN0IlMjJ0eXBlJTIyJTNBJTIycGFyYWdyYXBoJTIyJTJDJTIyY2hpbGRyZW4lMjIlM0ElNUIlN0IlMjJ0ZXh0JTIyJTNBJTIyRW5lcmd5JTIwcHJpY2VzJTIwaW4lMjBwYXJ0aWN1bGFyJTIwYXJlJTIwc3RpbGwlMjB2b2xhdGlsZSUyMGFuZCUyMGJhc2UlMjBlZmZlY3RzJTIwaW4lMjB0aGUlMjBjb21pbmclMjBtb250aHMlMjB3aWxsJTIwbGlrZWx5JTIwYmUlMjBsZXNzJTIwZmF2b3VyYWJsZS4lMjBVbmRlcmx5aW5nJTIwcHJpY2UlMjBwcmVzc3VyZXMlMkMlMjBwYXJ0aWN1bGFybHklMjBpbiUyMHNlcnZpY2VzJTJDJTIwc3RpbGwlMjBoYXZlJTIwYSUyMGxvdCUyMGZ1cnRoZXIlMjB0byUyMGZhbGwlMjBiZWZvcmUlMjB0aGUlMjBFQ0IlMjBjYW4lMjBldmVuJTIwY29uc2lkZXIlMjBjdXR0aW5nJTIwcmF0ZXMlMjB0byUyMHN1cHBvcnQlMjBhbiUyMGVjb25vbXklMjB0aGF0JTIwbG9va3MlMjBkZXN0aW5lZCUyMGZvciUyMHJlY2Vzc2lvbi4lMjAlMjIlN0QlNUQlN0QlMkMlN0IlMjJ0eXBlJTIyJTNBJTIycGFyYWdyYXBoJTIyJTJDJTIyY2hpbGRyZW4lMjIlM0ElNUIlN0IlMjJ0ZXh0JTIyJTNBJTIyVVMlMjBFQ0klMjBiZWF0cyUyMGV4cGVjdGF0aW9ucyUyMGluJTIwYSUyMGJsb3clMjB0byUyMHRoZSUyMEZlZCUyMiUyQyUyMmJvbGQlMjIlM0F0cnVlJTdEJTVEJTdEJTJDJTdCJTIydHlwZSUyMiUzQSUyMnBhcmFncmFwaCUyMiUyQyUyMmNoaWxkcmVuJTIyJTNBJTVCJTdCJTIydGV4dCUyMiUzQSUyMlRoZSUyMGV1cm8lMjBpbml0aWFsbHklMjByYWxsaWVkJTIwYWdhaW5zdCUyMHRoZSUyMGRvbGxhciUyMGFmdGVyJTIwdGhpcyUyMG1vcm5pbmcncyUyMHJlbGVhc2VzJTIwYnV0JTIwdGhhdCUyMHF1aWNrbHklMjBjaGFuZ2VkJTIwZm9sbG93aW5nJTIwdGhlJTIwcmVsZWFzZSUyMG9mJTIwdGhlJTIwVVMlMjBxdWFydGVybHklMjBlbXBsb3ltZW50JTIwY29zdCUyMGluZGV4LiUyMFdoaWxlJTIwdGhlJTIwMS4xJTI1JTIwcmVhZGluZyUyMG9ubHklMjByZXByZXNlbnRlZCUyMGElMjBzbGlnaHQlMjBvdmVyc2hvb3QlMjBvZiUyMHRoZSUyMGV4cGVjdGVkJTIwZmlndXJlJTJDJTIwdGhhdCUyMGl0J3MlMjBzbyUyMGNsb3NlbHklMjBtb25pdG9yZWQlMjBieSUyMHRoZSUyMEZlZCUyMHdpbGwlMjBjb21lJTIwYXMlMjBhJTIwc2V0YmFjayUyMHRvJTIwdGhvc2UlMjBob3BpbmclMjBmb3IlMjByYXRlcyUyMHRvJTIwZmFsbCUyMGFueSUyMHRpbWUlMjBzb29uLiUyMiU3RCU1RCU3RCU1RA==">The euro is continuing to struggle against the dollar even after a period of consolidation that has brought it some mild relief.</p>
<p style="text-align: center" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The euro initially rallied against the dollar after this morning's releases but that quickly changed following the release of the US quarterly employment cost index. While the 1.1% reading only represented a slight overshoot of the expected figure, that it's so closely monitored by the Fed will come as a setback to those hoping for rates to fall any time soon."}]}" data-slate-node="element" data-slate-fragment="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"><strong>EURUSD Daily</strong></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The euro initially rallied against the dollar after this morning's releases but that quickly changed following the release of the US quarterly employment cost index. While the 1.1% reading only represented a slight overshoot of the expected figure, that it's so closely monitored by the Fed will come as a setback to those hoping for rates to fall any time soon."}]}" data-slate-node="element" data-slate-fragment="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"><a href="https://www.marketpulse.com/wp-content/uploads/2023/10/EURUSD_2023-10-31_14-57-10.png" target="_blank" rel="noopener"><img loading="lazy" class="aligncenter wp-image-808453" src="https://www.marketpulse.com/wp-content/uploads/2023/10/EURUSD_2023-10-31_14-57-10-1024×501.png" alt="" width="620" height="303" srcset="https://www.marketpulse.com/wp-content/uploads/2023/10/EURUSD_2023-10-31_14-57-10-1024×501.png 1024w, https://www.marketpulse.com/wp-content/uploads/2023/10/EURUSD_2023-10-31_14-57-10-300×147.png 300w, https://www.marketpulse.com/wp-content/uploads/2023/10/EURUSD_2023-10-31_14-57-10-768×375.png 768w, https://www.marketpulse.com/wp-content/uploads/2023/10/EURUSD_2023-10-31_14-57-10-1536×751.png 1536w, https://www.marketpulse.com/wp-content/uploads/2023/10/EURUSD_2023-10-31_14-57-10.png 1835w" sizes="(max-width: 620px) 100vw, 620px" /></a></p>
<p style="text-align: right" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The euro initially rallied against the dollar after this morning's releases but that quickly changed following the release of the US quarterly employment cost index. While the 1.1% reading only represented a slight overshoot of the expected figure, that it's so closely monitored by the Fed will come as a setback to those hoping for rates to fall any time soon."}]}" data-slate-node="element" data-slate-fragment="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">Source – OANDA on Trading View</p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The euro initially rallied against the dollar after this morning's releases but that quickly changed following the release of the US quarterly employment cost index. While the 1.1% reading only represented a slight overshoot of the expected figure, that it's so closely monitored by the Fed will come as a setback to those hoping for rates to fall any time soon."}]}" data-slate-node="element" data-slate-fragment="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">While it has been consolidating for more than a month now which in theory weakens it as a technical bearish flag pattern, based on the preceding trend, it still doesn’t look particularly promising. And the reversal today prior to the last high and off the 55-day simple moving average just reinforces that.</p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The euro initially rallied against the dollar after this morning's releases but that quickly changed following the release of the US quarterly employment cost index. While the 1.1% reading only represented a slight overshoot of the expected figure, that it's so closely monitored by the Fed will come as a setback to those hoping for rates to fall any time soon."}]}" data-slate-node="element" data-slate-fragment="JTVCJTdCJTIydHlwZSUyMiUzQSUyMnBhcmFncmFwaCUyMiUyQyUyMmNoaWxkcmVuJTIyJTNBJTVCJTdCJTIydGV4dCUyMiUzQSUyMkluZmxhdGlvbiUyMGluJTIwdGhlJTIwZXVyb3pvbmUlMjBmZWxsJTIwYmVsb3clMjAzJTI1JTIwaW4lMjBPY3RvYmVyJTJDJTIwd2l0aCUyMGVuZXJneSUyMGFuZCUyMGZvb2QlMjBwcmljZXMlMjBoZWxwaW5nJTIwdG8lMjBwdXNoJTIwdGhlJTIwaGVhZGxpbmUlMjBudW1iZXIlMjBldmVuJTIwbG93ZXIlMjB0aGFuJTIwZXhwZWN0ZWQuJTIwV2hpbGUlMjB0aGlzJTIwaXMlMjB1bmRvdWJ0ZWRseSUyMGdvb2QlMjBuZXdzJTJDJTIwdGhlJTIwY29yZSUyMG51bWJlciUyMGlzJTIwcHJvYmFibHklMjBhJTIwbW9yZSUyMGFjY3VyYXRlJTIwcmVmbGVjdGlvbiUyMG9mJTIwd2hlcmUlMjB0aGluZ3MlMjBzdGFuZCUyMGFuZCUyMHRoZSUyMGpvYiUyMHRoZSUyMEVDQiUyMHN0aWxsJTIwaGFzJTIwaW4lMjByZWluaW5nJTIwaW4lMjBpbmZsYXRpb24lMjBpbiUyMGElMjBzdXN0YWluYWJsZSUyMG1hbm5lci4lMjIlN0QlNUQlN0QlMkMlN0IlMjJ0eXBlJTIyJTNBJTIycGFyYWdyYXBoJTIyJTJDJTIyY2hpbGRyZW4lMjIlM0ElNUIlN0IlMjJ0ZXh0JTIyJTNBJTIyRW5lcmd5JTIwcHJpY2VzJTIwaW4lMjBwYXJ0aWN1bGFyJTIwYXJlJTIwc3RpbGwlMjB2b2xhdGlsZSUyMGFuZCUyMGJhc2UlMjBlZmZlY3RzJTIwaW4lMjB0aGUlMjBjb21pbmclMjBtb250aHMlMjB3aWxsJTIwbGlrZWx5JTIwYmUlMjBsZXNzJTIwZmF2b3VyYWJsZS4lMjBVbmRlcmx5aW5nJTIwcHJpY2UlMjBwcmVzc3VyZXMlMkMlMjBwYXJ0aWN1bGFybHklMjBpbiUyMHNlcnZpY2VzJTJDJTIwc3RpbGwlMjBoYXZlJTIwYSUyMGxvdCUyMGZ1cnRoZXIlMjB0byUyMGZhbGwlMjBiZWZvcmUlMjB0aGUlMjBFQ0IlMjBjYW4lMjBldmVuJTIwY29uc2lkZXIlMjBjdXR0aW5nJTIwcmF0ZXMlMjB0byUyMHN1cHBvcnQlMjBhbiUyMGVjb25vbXklMjB0aGF0JTIwbG9va3MlMjBkZXN0aW5lZCUyMGZvciUyMHJlY2Vzc2lvbi4lMjAlMjIlN0QlNUQlN0QlMkMlN0IlMjJ0eXBlJTIyJTNBJTIycGFyYWdyYXBoJTIyJTJDJTIyY2hpbGRyZW4lMjIlM0ElNUIlN0IlMjJ0ZXh0JTIyJTNBJTIyVVMlMjBFQ0klMjBiZWF0cyUyMGV4cGVjdGF0aW9ucyUyMGluJTIwYSUyMGJsb3clMjB0byUyMHRoZSUyMEZlZCUyMiUyQyUyMmJvbGQlMjIlM0F0cnVlJTdEJTVEJTdEJTJDJTdCJTIydHlwZSUyMiUzQSUyMnBhcmFncmFwaCUyMiUyQyUyMmNoaWxkcmVuJTIyJTNBJTVCJTdCJTIydGV4dCUyMiUzQSUyMlRoZSUyMGV1cm8lMjBpbml0aWFsbHklMjByYWxsaWVkJTIwYWdhaW5zdCUyMHRoZSUyMGRvbGxhciUyMGFmdGVyJTIwdGhpcyUyMG1vcm5pbmcncyUyMHJlbGVhc2VzJTIwYnV0JTIwdGhhdCUyMHF1aWNrbHklMjBjaGFuZ2VkJTIwZm9sbG93aW5nJTIwdGhlJTIwcmVsZWFzZSUyMG9mJTIwdGhlJTIwVVMlMjBxdWFydGVybHklMjBlbXBsb3ltZW50JTIwY29zdCUyMGluZGV4LiUyMFdoaWxlJTIwdGhlJTIwMS4xJTI1JTIwcmVhZGluZyUyMG9ubHklMjByZXByZXNlbnRlZCUyMGElMjBzbGlnaHQlMjBvdmVyc2hvb3QlMjBvZiUyMHRoZSUyMGV4cGVjdGVkJTIwZmlndXJlJTJDJTIwdGhhdCUyMGl0J3MlMjBzbyUyMGNsb3NlbHklMjBtb25pdG9yZWQlMjBieSUyMHRoZSUyMEZlZCUyMHdpbGwlMjBjb21lJTIwYXMlMjBhJTIwc2V0YmFjayUyMHRvJTIwdGhvc2UlMjBob3BpbmclMjBmb3IlMjByYXRlcyUyMHRvJTIwZmFsbCUyMGFueSUyMHRpbWUlMjBzb29uLiUyMiU3RCU1RCU3RCU1RA==">That said, only a breakout will confirm that which could pose quite a test with it having stood firm so far and falling around 1.05 which has previously been a tricky level of support for the pair.</p>