I just posted another Jackson Hole response - BTMU on dangerous EUR/USD
In that post, BTMU warn of the danger of buying EUR/USD around 1.2 ahead of the inflation data due from Europe this week
Goldman Sachs on what to expect from the data: August HICP Inflation for the Euro area, Germany, France and Italy
- German inflation will be published on Wednesday
- Italy and the Euro area following on Thursday
- We expect Euro area annual headline inflation to rise by 0.2pp to +1.5%yoy in August, and core inflation to be unchanged at 1.2%yoy.
- In Germany, we expect a rise in the headline rate of inflation to +1.8%yoy.
- We expect +0.9%yoy in France, and +1.3%yoy in Italy
