Germany's October inflation confirmed at 2.8%

The confirmation of October inflation in Germany at 2.8% is not a direct catalyst for GOOGL; the news relates more to the European macroeconomic outlook. On the technical side, the price is just below the SMA20 (288.13), above the SMA50 (285.71), and in neutral territory with RSI14 at 49; MACD is below the signal line, and momentum is weak. This picture increases the likelihood of a sideways, range-bound course in the short term. Since the news impact is limited and indirect, there is no strong signal for a directional call. In the 1-3 day view, a neutral bias and monitoring of the 285-288 band is reasonable.

The confirmation of Germany's October inflation at 2.8% contains no surprise for the market; the data, in line with expectations, has a limited effect on the EUR. In the technical outlook, EURUSD is trading at 1.1135, below the SMA20 and SMA50, indicating a weak short-term trend. RSI14 at 25.3 is near the oversold zone; this increases the likelihood of a short-term rebound. MACD is below the signal line and negative, with momentum still downward. Since the news is neutral, direction is uncertain; due to the balancing of an oversold rebound and weak momentum, a sideways-indecisive course is expected.