HotForex - Analytics

    HotForex

    485.50 8.50/10
    66% of positive reviews
    Real

    MARKET ANALYSIS AND NEWS German Inflation Ticks Up Market News

     

    EURUSD, daily

    The German HICP – Harmonised Index of Consumer Prices – (used for European purposes and different to German CPI figures) inflation rose to 0.1% y/y in March. This was more than expected and lifted the headline rate back into positive territory, after the -0.1% y/y rate in February. Belgian numbers, released earlier also moved higher and the data is likely to set the stage for a rebound in the overall Eurozone headline rate this month, with base effects playing a role. For now this should at least limit speculation about further action from Draghi and the use of helicopter money, especially after Coeure suggested that the latter is an interesting academic option and favourite of the press, but not actively considered as a policy tool at the moment.

    The EURUSD remains north of the psychological 1.1300 at 1.1315 today with the month high 1.1346 providing resistance further out. Support is provided by the the 10 and 20 Day Moving Averages at 1.1236 and 1.1154 respectively.

    Always trade with strict risk management and remember that your capital is the single most important financial aspect of your trading business.

     

    Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! The next webinar will start in:

    Stuart Cowell

    Senior Currency Analyst

    HotForex

    Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

     

    Please note that times displayed based on local time zone and are from time of writing this report.

    Click here to access the full HotForex Economic calendar.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree