German inflation slowed more than expected — a little good news for risk assets.
Facts: preliminary Destatis data showed German inflation at 2.8% y/y in October, slowing from the previous month and below the Reuters survey forecast (3.1% for the harmonized EU index). Core inflation fell to 2.1% from 2.4%, and energy price increases slowed to 12.2% from 14.9% — helped by fuel tax cuts that took effect in early October.
My take: this eases one source of pressure, but it doesn’t change the bigger picture. The ECB held interest rates steady on Thursday, but continued to signal a possible December hike due to energy inflation risks. For crypto, short-term sentiment is still dominated by yesterday’s hacking news — improving macro conditions ease one burden, but aren’t a rally trigger on their own.
What I’m watching next: eurozone inflation on Wednesday (expected at 3.9% vs. 3.8% in September). On the chart, the levels
$BTC I’m watching: below $77,200, then $76,400; above $78,200.
This is my analysis, not financial advice — always DYOR.
What do you think: will eurozone data soften too on Wednesday, or heat up again?
#Inflasi #Makro $BTC