According to analysts at TD Securities, this morning’s Eurozone data was a mixed bag, with Q2 GDP surprising to the downside at 0.3% q/q (mkt 0.4%), actually decelerating from what was supposed to be a temporary Q1 slowdown of 0.4%, but CPI surprised to the upside as TDS had been looking for, with headline at 2.1% y/y (mkt 2.0%), and core a bit stronger than expected at 1.1% y/y (mkt 1.0%). Key Quotes “We think that the disappointing GDP print is probably the standout issue here for the ECB, given that they were looking for a rebound in Q2.” “We don’t get the GDP breakdown until the second print in a couple of weeks, but it’s interesting that not a single economist was forecasting a 0.3% print – there were 31 forecasts for 0.4% and 16 forecasts for 0.5%. So risks were actually skewed to the upside, making it that much more of a surprise.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: Consumer confidence to improve slightly – Nomura FX Street 5 years According to analysts at TD Securities, this morning's Eurozone data was a mixed bag, with Q2 GDP surprising to the downside at 0.3% q/q (mkt 0.4%), actually decelerating from what was supposed to be a temporary Q1 slowdown of 0.4%, but CPI surprised to the upside as TDS had been looking for, with headline at 2.1% y/y (mkt 2.0%), and core a bit stronger than expected at 1.1% y/y (mkt 1.0%). Key Quotes "We think that the disappointing GDP print is probably the standout issue here for the ECB, given that they were looking for a rebound in Q2." "We… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
