We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
Oil - US Crude
More View more
Real Time News
  • The Australian Dollar and New Zealand Dollar tend to rise with stocks. They have recently fallen despite gains in the #SP500. What does this mean for $AUDUSD and $NZDUSD ahead? #AUD #NZD #RBA #RBNZ - https://www.dailyfx.com/forex/fundamental/article/special_report/2020/01/17/AUDUSD-NZDUSD-Outlook-Looks-Past-Stocks-to-Rate-Cut-Bets.html?CHID=9&QPID=917702 https://t.co/ddf2fV7Kyl
  • A few snippets from today's commentary. Check out the link below for the full story (via @DailyFX). https://t.co/I31tuq764r https://t.co/x0BaiOFA1P
  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: https://t.co/jtY1G7g8yx https://t.co/e2YrN3dBrl
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 98.00%, while traders in France 40 are at opposite extremes with 79.59%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/UL7hqSD2Ki
  • US Dollar Forecast: $USD Lacking Impetus Ahead of Consumer Sentiment #Forex traders shift focus away from US-China trade deal headlines - perhaps toward the monthly release of #ConsumerSentiment data for volatility and clues on the Greenback's next move https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2020/01/16/us-dollar-forecast-usd-lacking-impetus-ahead-of-consumer-sentiment.html
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.11% 🇦🇺AUD: -0.02% 🇯🇵JPY: -0.03% 🇨🇭CHF: -0.05% 🇬🇧GBP: -0.06% 🇨🇦CAD: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Kxcb9EtIWb
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.45% France 40: 0.26% Wall Street: 0.07% US 500: 0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/I5YIsKQAog
  • 🇯🇵 JPY Tertiary Industry Index (MoM) (NOV), Actual: 1.3% Expected: 1.0% Previous: -5.2% https://www.dailyfx.com/economic-calendar#2020-01-17
  • The $JPY has weakened as a bounce-back in risk appetite saps haven-asset demand. However, the old uptrend line still provides clear resistance. Get your market update from @DavidCottleFX HERE:https://t.co/IMhgQ9jbF9 https://t.co/I7087olftk
  • Heads Up:🇯🇵 JPY Tertiary Industry Index (MoM) (NOV) due at 04:30 GMT (15min), Actual: N/A Expected: 1.0% Previous: -4.6% https://www.dailyfx.com/economic-calendar#2020-01-17
Euro Slides As Lower German CPI Quells ECB Rate Hike Expectations

Euro Slides As Lower German CPI Quells ECB Rate Hike Expectations

2012-03-28 12:37:00
Tzu-Wen Chen, Technical Strategist

THE TAKEAWAY: [German CPI slows more than expected] > [Quells support for ECB rate hike] > [Euro weakens]

German CPI inflation slowed more than expected in March after hitting a three-month high in February on the back of rising energy prices. The eurozone’s largest economy posted a year-over-year inflation rate of 2.1 percent, falling from 2.3 percent in February and missing the consensus forecast of 2.2 percent according to economists surveyed by Bloomberg News. Consumer prices rose 0.3 percent from the previous month as expected, declining from February’s reading of 0.7 percent.

EU-harmonised CPI rose 2.3 percent in March over the previous year in line with expectations, slowing from 2.5 percent in February. On a month-over-month basis, EU-harmonised CPI decelerated from 0.9 percent in February to 0.4 percent in March. The lower-than-expected outcome appears unlikely to support ECB rate hike expectations.

EURUSD 1-minute Chart: March 28, 2012

Euro_Slides_As_Lower_German_March_CPI_Quells_ECB_Rate_Hike_Expectations_body_Picture_1.png, Euro Slides As Lower German CPI Quells ECB Rate Hike Expectations

Chart created using Strategy Trader – Prepared by Tzu-Wen Chen

As seen in the EURUSD 1-minute chart above, the euro weakened against the euro, as the lower-than-expected inflation data quelled support of ECB rate hike expectations. The euro fell 10 pips against the greenback in the first 15 minutes after the data release, and was trading around $1.3331 at the time of this report.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.


News & Analysis at your fingertips.