Latest data released by Eurostat - 30 April 2019
- Prior (Q4) +0.2%
- Preliminary GDP +1.2% vs +1.1% y/y expected
- Prior +1.1%; revised to +1.2%
Slight beats in the initial readings here and that should allow the euro to stay perky on the day as EUR/USD continues to threaten a break of the 200-hour moving average and establish a more near-term bullish bias above 1.1200. Well, so far it has been a positive day in terms of economic data releases for the euro so let's see if the Italian Q1 GDP report can bring it home in the next hour.
