Spain Inflation Above ECB Target, Energy Prices Drop
📊 EURUSD — Piyasa Yorumu
▲ up · 60%Spain's inflation remaining above the European Central Bank's target could support the euro by keeping expectations of an ECB rate hike alive. Technically, the RSI at 59 is in neutral territory but shows an upward bias, while the MACD is positive above its signal line. The price is trading above both the 20-day and 50-day moving averages, confirming short-term bullish momentum. However, a decline in energy prices could ease inflationary pressure, posing a risk of limited upside.
📊 DXY — Piyasa Yorumu
▼ down · 60%The DXY is trading below its 20- and 50-day moving averages, with the RSI at 41 indicating weak momentum. The MACD remains below the signal line and in negative territory, confirming short-term bearish momentum. Spain's inflation staying above the ECB target could strengthen the euro, thereby exerting downward pressure on the DXY. However, falling energy prices may ease inflationary pressures, potentially limiting the dollar's decline. Therefore, a slight decline is expected in the short term.
📊 IBEX — Piyasa Yorumu
▼ down · 60%Spain's inflation staying above the ECB's target could weaken expectations for interest rate cuts and put pressure on the index. Technical indicators also point to weakness: the RSI is at 44.7, below the neutral zone, and the MACD is below its signal line and in negative territory. The price is trading below both the 20-day and 50-day moving averages. While the decline in energy prices is somewhat positive, inflation concerns and the technical outlook increase downside risks in the short term.