In the euro area, the important July HICP and GDP figures are due to be released, after headline inflation surged from 1.1% y/y in February to 2.0% y/y in June, points out the research team at Danske Bank.
Key Quotes
“We estimate the July figure at 2.1%. However, the rise has been driven mainly by energy prices, leaving core inflation hovering around 0.9-1.1% y/y in the period from February to June. In July, we expect core inflation to have risen to 1.1%.”
“After a strong 2017, growth in Q1 18 moderated to 0.4% q/q. We expect a continued soft landing as indicated by recent activity indicators. Q2 18 PMI suggests growth remains around 0.4% q/q.”
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.
Recommended content
Editors’ Picks
AUD/USD holds higher ground above 0.6400 amid fresh US Dollar selling
AUD/USD has picked up fresh bids above 0.6400 in the Asian session on Thursday. Renewed US Dollar weakness on fading US trade deals optimism overshadow bets that the RBA will cut rates next week. All eyes remain on US data and Fedspeak.
USD/JPY recovers toward 145.50 amid Japan's weaker Q1 GDP print
USD/JPY rebounds from weekly lows toward 145.50 in the Asian session amid the divergent BoJ-Fed policy expectations. The BoJ is widely expected to hike rates again in 2025 despite weaker-than-expected Japan's Q1 GDP print. In contrast, this week's softer US inflation figures boost the case for more rate cuts by the Fed.
Gold price stalls recovery from over one-month low near 200-period SMA on H4
Gold price struggles to capitalize on the previous day's strong recovery move from the $3,120 region, or the lowest level since April 10, and attracts some sellers during the Asian session on Friday. The US-China trade truce for 90 days has eased some of the pressure on global markets and is seen as a key factor acting as a headwind for the safe-haven bullion.
Bitcoin and Solana decline as FTX plans to begin second wave of distributions
Bitcoin (BTC) and Solana (SOL) saw a slight decline on Thursday, following an announcement from defunct crypto exchange FTX that it will commence its second wave of creditors’ distributions on May 30.
Why the UK’s first quarter growth surge looks strange
The UK economy roared back to life in the first quarter after stagnating through the second half of last year. Or did it? We're not sure the data is an accurate guide to what's going on beneath the surface.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.