<\/p>\n
\n Share:<\/span><\/p>\n The EUR\/USD is seeing a minor rebound on Friday as the US Dollar (USD) cools its heels following a week of steady gains that sent the Euro (EUR) down almost a full percent top-to-bottom from Monday’s peak of 1.0756.<\/p>\n EU data was relatively thin this week with much of the market focus going to central bank figures. European Central Bank<\/a> (ECB) President Christine Lagarde avoided making any waves on Friday during a public appearance, and markets are still chewing developments after Federal Reserve (Fed) Chairman Jerome Powell<\/a> came out with unexpectedly hawkish comments on Thursday.<\/p>\n Fed Chair Powell noted that the Fed isn’t entirely confident that they have done enough to reign in inflation, and market corkscrewed on the statements.<\/p>\n Next week sees EU Gross Domestic Product (GDP) figures on Tuesday, to be followed by US Consumer Price Index<\/a> (CPI) inflation figures.<\/p>\n The EU’s third quarter GDP\u00a0 is expected to hold steady for both the monthly and annualized figures, forecast at -0.1% and 0.1% respectively.<\/p>\n On the US side, headline CPI for October is expected to fall back from 0.4% to 0.1%, while Core CPI for the year into October is expected to hold steady at 4.1%.<\/p>\n With the Fed’s hawkish stance and renewed market focus on central bank statements, next week’s growth and inflation figures are set to have an increased impact if figures deviate from forecasts.<\/p>\n The Euro has spent most of the week hung up on the 1.0700 price level after Monday’s clean rejection from 1.0750.<\/p>\n\n
EU GDP, US CPI in the pipe for next week<\/h2>\n
EUR\/USD Technical Outlook<\/h2>\n