Euro slips as French economy contracts in Q3 as inflation eases further as well ...Middle East

The headlines:France Q3 final GDP -0.1% vs +0.1% q/q prelimFrance November preliminary CPI +3.4% vs +3.7% y/y expectedThis just adds more reason for the ECB to hold and also draws in the argument that perhaps we might get rate cuts sooner rather than later in the Eurozone. That especially as the economy is on the softer side heading towards year-end, although a hard landing seems to be avoided for now.EUR/USD is now down 0.2% to 1.0946 as the retreat from 1.1000 looks to be gathering a bit of pace. Drilling down to the near-term chart, the pair has dropped below its 100-hour moving average of 1.0958 and now threatens a push towards the 200-hour moving average of 1.0938.A break below the latt

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