Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
USDC 
Solana 
TRON 
Lido Staked Ether 
Figure Heloc 
Prior +3.1%HICP +3.1% vs +2.9% y/y expectedPrior +3.2%Headline annual inflation might have moderated slightly to 3.0% but core annual inflation is seen increasing marginally to 2.6% (previously 2.5%). So alongside Germany, this is one spot that is still a bit of a sticking point for the ECB in trying to work towards getting back on the saddle with regards to rate cuts. Here is the trend in prices for Spain:
This article was written by Justin Low at investinglive.com.
đź’ˇ DMK Insight
Inflation data just dropped, and it’s a mixed bag for traders: headline inflation might be easing, but core inflation is creeping up. The ECB is in a tight spot here. With headline annual inflation at 3.0%, slightly below expectations, it seems like there’s some relief. However, the core inflation rising to 2.6% from 2.5% suggests underlying price pressures are still strong. This could complicate the ECB’s decision-making as they weigh the need for further rate hikes against the risk of stalling economic growth. Traders should keep an eye on how this data influences the euro and related forex pairs, especially if the ECB hints at a more hawkish stance in upcoming meetings. Look for key technical levels in EUR/USD; if it breaks below recent support, it could signal a shift in sentiment. Conversely, if the euro strengthens, it might be a good opportunity for short-term plays. Watch for any comments from ECB officials in the coming days as they could provide further insight into their policy direction.
đź“® Takeaway
Monitor EUR/USD closely; a break below support could indicate bearish sentiment, while hawkish ECB comments may strengthen the euro.
