Focus on German ZEW, French HICP and UK CPI – Credit Suisse

FXStreet (Delhi) – Research Team at Credit Suisse, note that the focal point of today’s European session are going to be the release of German ZEW and French inflation data, in addition to the UK consumer price inflation which will keep the investors interest gauged.

Key Quotes

“German ZEW survey expectations are likely to fall from 25.0 to 20.0 and current situation from 65.7 to 64.0 in September. Consensus is looking for 18.3 for expectations and 64.0 for current situation.”

“French inflation should remain flat at 0.2% yoy in August, slightly above consensus of 0.1% yoy. We remain bearish on EUR and are positioned for a moderate decline in EURUSD via put spreads.”

“We expect CPI to fall from 0.1% yoy to 0.0% yoy in August, in line with consensus. We remain bullish on GBP.”

WTI attempts tepid recovery above $ 44

WTI oil on NYMEX steadies in the early European trades, posing a minor recovery on the 44 barrier, await fresh economic news from the US for further direction.
Mehr darüber lesen Previous

EUR/CHF off highs, back to 1.0950

After briefly testing levels beyond the psychological 1.10 handle, EUR/CHF has now returned to the mid-1.0900s ahead of the opening bell in Euroland...
Mehr darüber lesen Next