When is the Eurozone Prelim HICP and how could it affect EUR/USD?
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The Eurozone Prelim HICP Overview Eurostat will publish the flash version of the Eurozone Harmonized Index of Consumer Prices (HICP) data for November later this Tuesday, at 10:00 GMT. The preliminary report is expected to show that the headline Eurozone HICP rose by the 2.1% YoY rate during the reported month, while the core gauge edged higher to 2.5% from the 2.4% in October. On a monthly basis, Eurozone inflation and the core HICP stood at 0.2% and 0.3%, respectively, in October. How could the Eurozone Prelim HICP affect EUR/USD? Inflation figures released on Monday show no immediate threat of price increases in the biggest Eurozone economies – France, Spain, and Italy. However, German inflation figures came in unexpectedly high, reinforcing the argument for a policy hold by the European Central Bank (ECB). Hence, stronger inflation figures could boost the shared currency and assist the EUR/USD pair to capitalize on an over one-week-old uptrend. In contrast, the immediate market reaction to a softer print is more likely to be muted amid a bearish sentiment surrounding the US Dollar (USD), which should continue to act as a tailwind for the EUR/USD pair. Furthermore, the divergent ECB-Federal Reserve (Fed) policy expectations suggest that the path of least resistance for spot prices is to the upside. Technical Analysis The 100-day Simple Moving Average (SMA) slopes lower, underscoring a muted broader trend, and price remains beneath it, keeping the near-term bias defensive. The Moving Average Convergence Divergence (MACD) stands above the signal line in positive territory, with the histogram edging higher, suggesting improving momentum. The Relative Strength Index (RSI) at 55 is neutral-to-firm. The 100-day SMA at 1.1644 caps the upside for now, and a failure to clear it would preserve downward pressure. Below the 100-day SMA, sellers retain the upper hand, and rebounds…
Filed under: News - @ December 2, 2025 8:28 am