The euro has published profits on Friday. In the European session, 1,1325 is quoted, 0.37% more in the day. Today’s profits follow a three -day slide. The United States reached 177 thousand, much stronger than market estimation of 130 thousand.
Higher than expected eurozone inflation
The inflation of the Eurozone for April was a surprise on the positive side. The holder remained stable at 2.2% A/A, above the estimation of the market of 2.1%. The lowest energy prices were compensated with an increase in service inflation and food prices. Monthly also did not change 0.6%, above the prognosis of 0.4%.
that excludes food and energy and is a better caliber of inflation trends, increased to 2.7% A/A, compared to 2.4% in March and above the estimation of the market of 2.5%. This was the first acceleration in the central rate since May 2024. Inflation of services, a key component in the central ICC remains hot and increased to 3.9% from 3.5% in March.
The increase in the central ICC is a worrying sign for the European Central Bank and could complicate plans to gradually reduce interest rates. The ECB has been aggressive, reducing rates by 175 basic points in the current flexibility cycle. Even so, more cuts are needed to boost the sick economy of the eurozone.
Non -agricultural payroll prognosis
The non -agricultural payrolls of the United States. This easily analyzes market estimation of 130 thousand and is a sign that the United States labor market remains in a decent form. The salary growth did not change to 3.8% A/A, just below the estimate of the market of 3.9%. Monthly, salary growth fell to 0.2%of 0.3%, less than market estimation of 0.3%.
EUR/USD Technical
- EUR/USD exceeded the resistance in 1,1299 and is testing resistance to 1,1332. Above, there is resistance to 1,1374
- There is support in 1,1257 and 1,1224
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