- HICP 0.0% vs 0.0% y/y prelim
- HICP -0.6% vs -0.6% m/m prelim
A slight revision lower in headline annual inflation is the only change relative to the initial report, but it doesn’t tell us anything new.
Inflation pressures are subdued in September across the region and that continues to keep the ECB on their toes as the threat of deflation starts to creep in ahead of the year-end.
Analyzing the current trading chart of Gold, I found that there is successful rejection of the rising trendline and potential running flat downside correction completion.
1-Day relative strength performance Finviz
Based on the graph above I found that on the top of the list we got VIX and Natural Gas today and on the bottom Crude Oil and Gasoline RBOB.
Resistance: $1,912 and $1,930
Support level: $1,890
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