* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, June 5, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

    Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

    ‘Sinners,’ starring Michael B. Jordan, is now streaming on Prime Video – About Amazon

    Experience the Thrills of ‘Sinners’ Starring Michael B. Jordan – Now Streaming on Prime Video!

    California Mid-State Fair announces entertainment lineups for Frontier and Mission stages – KSBY News

    Exciting Entertainment Lineup Unveiled for California Mid-State Fair’s Frontier and Mission Stages!

    Spotify & OpenAI: Will Gen AI ‘Hollow Out’ Entertainment? – Technology Magazine

    Will Generative AI Transform the Future of Entertainment

    Author Richard Russo Will Speak At Sandwich Town Hall – CapeNews.net

    Join Us for an Inspiring Evening with Author Richard Russo at Sandwich Town Hall!

    Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

    Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Domo to Participate in the D.A. Davidson Technology Summit – Business Wire

    Domo Set to Shine at the D.A. Davidson Technology Summit!

    When fiction becomes fact: 3 pieces of modern technology inspired by Star Trek – Redshirts Always Die

    From Screen to Reality: 3 Modern Technologies Inspired by Star Trek

    The Isfahan Center for Nuclear Technology – UCF, ZPP, and IRR10 – Alma Research and Education Center

    Exploring the Isfahan Center for Nuclear Technology: Innovations and Insights from UCF, ZPP, and IRR10

    Inside the tedious effort to tally AI’s energy appetite – MIT Technology Review

    Inside the tedious effort to tally AI’s energy appetite – MIT Technology Review

    Finland Set to Lead EU Quantum Technology Defense Project – IoT World Today

    Finland Set to Lead EU Quantum Technology Defense Project – IoT World Today

    AI for lawyers: Win back your time using technology – nationaljurist.com

    Reclaim Your Time: How AI is Transforming the Legal Profession

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

    Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

    ‘Sinners,’ starring Michael B. Jordan, is now streaming on Prime Video – About Amazon

    Experience the Thrills of ‘Sinners’ Starring Michael B. Jordan – Now Streaming on Prime Video!

    California Mid-State Fair announces entertainment lineups for Frontier and Mission stages – KSBY News

    Exciting Entertainment Lineup Unveiled for California Mid-State Fair’s Frontier and Mission Stages!

    Spotify & OpenAI: Will Gen AI ‘Hollow Out’ Entertainment? – Technology Magazine

    Will Generative AI Transform the Future of Entertainment

    Author Richard Russo Will Speak At Sandwich Town Hall – CapeNews.net

    Join Us for an Inspiring Evening with Author Richard Russo at Sandwich Town Hall!

    Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

    Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Domo to Participate in the D.A. Davidson Technology Summit – Business Wire

    Domo Set to Shine at the D.A. Davidson Technology Summit!

    When fiction becomes fact: 3 pieces of modern technology inspired by Star Trek – Redshirts Always Die

    From Screen to Reality: 3 Modern Technologies Inspired by Star Trek

    The Isfahan Center for Nuclear Technology – UCF, ZPP, and IRR10 – Alma Research and Education Center

    Exploring the Isfahan Center for Nuclear Technology: Innovations and Insights from UCF, ZPP, and IRR10

    Inside the tedious effort to tally AI’s energy appetite – MIT Technology Review

    Inside the tedious effort to tally AI’s energy appetite – MIT Technology Review

    Finland Set to Lead EU Quantum Technology Defense Project – IoT World Today

    Finland Set to Lead EU Quantum Technology Defense Project – IoT World Today

    AI for lawyers: Win back your time using technology – nationaljurist.com

    Reclaim Your Time: How AI is Transforming the Legal Profession

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Eurozone Inflation Preview: With ECB closely watching, Euro could surge on higher-than-expected numbers

June 30, 2023
in Business
Eurozone Inflation Preview: With ECB closely watching, Euro could surge on higher-than-expected numbers
Share on FacebookShare on Twitter

Eurostat is set to release key Eurozone inflation data on Friday, June 30.
Headline annual inflation is seen softening to 5.6%, Core figure is likely to rebound.
Eurozone HICP could have a significant impact on the ECB rates outlook and the Euro.

The Harmonized Index of Consumer Prices (HICP), a measure of inflation, for the Eurozone, will be released on Friday, June 30. The inflation data from the old continent will be closely scrutinized by the European Central Bank (ECB), as “Eurozone inflation has entered a new phase which could linger for some time,” requiring the ECB to keep policy tight and avoid declaring an end to rate hikes, President Christine Lagarde said on day two of the ECB Forum on Central Banking, in Sintra, on Tuesday.

Lagarde emphasized, “we are committed to reaching inflation goal come what may.”

It was Lagarde’s first public speech following the weak business PMI and IFO sentiment data, which aggravated concerns about the health of the bloc’s economy. Germany’s 2-year and 10-year bond yield curve inverted the most in nearly 31 years on the downbeat economic data. Money markets are pricing around a 4% peak in the ECB deposit rate, predicting the European Central Bank interest rate cuts after they reach their peak.

Analysts at Commerzbank explain, “it is not the economy that is decisive for the ECB’s monetary policy decisions but inflation developments. From Wednesday the first estimates for June from Eurozone countries will be published, with the overall inflation rate for the Eurozone following on Friday. There are concerns that core inflation will remain stubborn. Against this background, it is likely to be premature from the market’s point of view to bet on an imminent pause in the ECB rate cycle at this stage. For that reason, the data might provide support for Euro this week.”

Back in May, inflation in Europe declined sharply to 6.1% vs. April’s 7.0% print, according to the data published by Eurostat. The Core HICP inflation dropped to 5.3% YoY in May as against the expected 5.5% clip, down from the 5.6% figure booked in April. The data suggested that disinflation occurred in every major component in May. However, the fall in the core inflation was partly driven by Germany’s EUR49 travel pass. 

What to expect in the next European inflation report?

Therefore, economists are expecting the Core HICP inflation to rebound in June to 5.5% on an annual basis. The European Central Bank closely watches the core figure and hence, the potential increase could hint that the ECB could keep up interest rate hikes coming in the upcoming meetings. The headline annual Eurozone Harmonized Index of Consumer Prices is seen rising 5.6% in June, slowing its pace of increase from May’s 6.1%.

On a monthly basis, the old continent’s HICP is likely to show no growth in June. The core HICP inflation is foreseen at 0.7% in the reported month when compared to 0.2% registered in May.

Its worth noting that in its updated staff projections in the June meeting, the ECB raised core by 0.5% for both 2023 and 2024 to 5.1% and 3% respectively.

Speaking at the 2023 ECB Forum on Central Banking on Wednesday, major central bank bosses, including, Fed Chair Jerome Powell, European Central Bank (ECB) Chief Christine Lagarde, Bank of England Governor (BoE) Governor Andrew Bailey and Bank of Japan (BoJ) Governor Kazuo Ueda, reaffirmed their resolve to fight inflation by keeping up with interest rate increases this year.

Meanwhile, Spain’s Consumer Price Index (CPI) rose 1.9% YoY in June, below the 2.0% threshold for the first time since March 2021, preliminary data from the National Statistics Institute (INE) showed on Thursday. The harmonized annual inflation rate arrived at 1.6%, down from May’s 2.9% clip and slightly above the expected 1.5% figure.

Germany’s headline annual HICP surged 6.8% in June, as against the 6.3% previous month’s increase and the 6.7% forecast for June. The Core HICP rose 6.4%, also showed a bigger-than-expected increase annually in the said period. Since the ECB is focused on core inflation, hot German inflation data is expected to put upward pressure on the Eurozone inflation data.

When will the Harmonised Index of Consumer Prices report be released and how could it affect EUR/USD?

Eurozone preliminary HICP is due to be published at 09:00 GMT this Friday. Heading into the highly-anticipated inflation release from Europe, the Euro (EUR) is struggling below the 1.0900 round level against the US Dollar, as mounting recession fears remain a drag on the European currency. Further, the Federal Reserve is viewed as more hawkish than the ECB following Fed Chair Jerome Powell’s speech in Madrid on Thursday. Powell concluded his speech by saying that he “expects a moderate pace of interest rate decisions to continue.”

The hotter-than-expected headline and core HICP inflation data are likely to fuel a rebound in the Euro, as it would squash hopes for an ECB rate hike pause after reaching the peak rate of around 4%. In that case, EUR/USD could resume its uptrend toward the six-week high of 1.1012.  Alternatively, should the bloc’s inflation data disappoint market expectations, EUR/USD is set to extend its correction toward the 1.0800 level.

Meanwhile, Dhwani Mehta, Asian Session Lead Analyst at FXStreet, offers a brief technical outlook for the major and explains: “EUR/USD yielded a daily closing below the critical horizontal 50-Daily Moving Average (DMA) at 1.0870 on Thursday. However, the 14-day Relative Strength Index (RSI) has managed to defend the 50 level, lending some support to Euro buyers in the lead-up to the Eurozone inflation report.”

Dhwani also outlines important technical levels to trade the EUR/USD pair: “Any recovery attempt will need validation from the 1.0950 supply zone. The next relevant hurdle for Euro buyers is seen around 1.0970, above which they will look to retest the multi-week top above 1.1000.” 

Related News content module

Forex Today: EU and US inflation data to keep volatility high as Q2 comes to an end
EUR/USD ignores upbeat German Retail Sales near 1.0850 as Eurozone HICP, Fed’s favorite inflation loom
Eurozone HICP Preview: Banks forecasts, a decline in headline inflation, core likely remained strong

About Eurozone inflation

The Eurozone Harmonized Index of Consumer Prices (HICP), released by Eurostat, captures the changes in the price of goods and services. The HICP is a significant way to measure changes in purchasing trends and inflation in the Euro Area. Generally, a high reading anticipates a hawkish attitude which will be positive (or bullish) for the Euro, while a low reading is seen as negative (or bearish).

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : FXStreet – https://www.fxstreet.com/news/eurozone-inflation-preview-headline-measure-to-slow-down-core-price-pressures-expected-to-pick-up-202306300500

Tags: businessEurozoneInflation
Previous Post

EUR/USD: Milder downside in the near term and more prolonged recovery for the Euro – Goldman Sachs

Next Post

Core PCE Inflation Preview: Federal Reserve next moves in play with key data release

Art meets ecology in the outback – UNSW Sydney

Where Art and Ecology Converge: A Journey Through the Outback

June 5, 2025
Tall ship brings ESA ocean science training to Nice – European Space Agency

Set Sail for Science: Tall Ship Anchors Ocean Research Training in Nice!

June 5, 2025
Immigration Research Shows Stephen Miller Wrong About American Science – Forbes

Debunking Stephen Miller: The Truth About Immigration’s Impact on American Science

June 5, 2025
Can Lifestyle Changes Save Lives in Colon Cancer? – Medscape

Transform Your Health: How Lifestyle Changes Can Combat Colon Cancer

June 5, 2025
Black-hole scattering calculations could shed light on gravitational waves – Physics World

Unlocking the Secrets of Gravitational Waves: The Role of Black-Hole Scattering Calculations

June 5, 2025
Fed: The Economy Is Slowing As ‘Companies Can’t Figure Out the Rules of This Tariff Game’ – Investopedia

Fed Signals Economic Slowdown: Companies Struggle to Navigate the Tariff Maze

June 5, 2025
Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

June 5, 2025
Axxam and Molecular Health link on therapeutic target identification – Pharmaceutical Technology

Unlocking New Possibilities: Axxam and Molecular Health Collaborate on Innovative Therapeutic Target Identification

June 5, 2025
Opinion | The Right Is Getting Even More Regressive on Gender – The New York Times

Opinion | The Right Is Getting Even More Regressive on Gender – The New York Times

June 5, 2025
Capsol Technologies ASA: Two US engineering studies awarded – mature pipeline projects advancing – Cision News

Capsol Technologies ASA Secures Two Major US Engineering Studies, Advancing Promising Pipeline Projects!

June 5, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (668)
  • Economy (682)
  • Entertainment (21,588)
  • General (15,264)
  • Health (9,724)
  • Lifestyle (685)
  • News (22,149)
  • People (683)
  • Politics (691)
  • Science (15,901)
  • Sports (21,186)
  • Technology (15,667)
  • World (668)

Recent News

Art meets ecology in the outback – UNSW Sydney

Where Art and Ecology Converge: A Journey Through the Outback

June 5, 2025
Tall ship brings ESA ocean science training to Nice – European Space Agency

Set Sail for Science: Tall Ship Anchors Ocean Research Training in Nice!

June 5, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version