News & Analysis at your fingertips.

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. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • USD/JPY extends the rebound from the weekly low (109.11) as the stronger-than-expected US Retail Sales report fuels speculation for an imminent shift in monetary policy. Get your market update from @DavidJSong here:https://t.co/Rozq62QbN4 https://t.co/IGVzuakGGA
  • $ES from resistance to support now at the weekly low, testing a few different support elements here, also a 618 $SPX https://t.co/cchd5Rr92S https://t.co/G9jwiIlEjY
  • The $SPX is going to keep it interesting for us through this final trading session. The 50-day SMA is under strain, its 'quad witching' today, evergreen uncertainty over weekend and FOMC on the threat radar https://t.co/gLgVn8u6HJ
  • The S&P 500 and its counterparts are leaning into support as the end of the week nears. DailyFX's @JohnKicklighter discusses the possibility of a break before next week's FOMC and Evergrande deadline! https://t.co/R5Pr9k2xp8
  • You're Not The Only One Bored Of 'New' Apple iPhones https://t.co/T3ZXZ8wplw via @IBDinvestors
  • $USDCAD big test, right at the Sept. high https://t.co/D9baX3BGXf https://t.co/Sg2ySGIIY8
  • just about an hour later $USDCAD https://t.co/D9baX3BGXf https://t.co/B0c71AkZTl
  • Hedging Evergrande (3333 HK) is reportedly a near impossible task
  • Given there is a substantial risk from China's Evergrande situation with a possible technical default at the start of next week, I'll be watching Bitcoin as a 'risk' measure over the weekend. Here versus SPX as Shanghai Comp is 'tended to' https://t.co/OoudsWHFPy
  • The latest batch of US economic data suggests the economy is weathering delta variant concerns, increasing odds for a Fed taper announcement shortly. Get your market update from @CVecchioFX here:https://t.co/aioT8UU4IJ https://t.co/BhMSqkkV0E
Forex News: Euro-Zone Producer Prices Rise Slightly and Beat Expectations

Forex News: Euro-Zone Producer Prices Rise Slightly and Beat Expectations

Benjamin Spier, Technical Strategist

THE TAKEAWAY: Euro-zone producer prices rise 0.1% in October -> Change in PPI beats expectations -> Euro rallies on optimism before meeting

Prices paid by producers increased for the third straight month in October. The Producer Prices Index was 0.1% higher on a monthly basis, beating expectations for no change in prices, and lower than September’s 0.2% rise in producer prices. The PPI was 2.6% higher when compared to October 2011, according to Eurostat.

The prices of non-durable consumer goods rose 0.2% for industrial producers, while prices in the energy sector fell 0.2% in the Euro-zone. The Netherlands and Belgium saw a 0.8% rise in producer prices, while Greece saw a 1.0% decline in prices.

The PPI was slightly higher than the annual change in consumer prices, which was reported at 2.5% in October. The combination of slow growth and lower inflation could be seen as reasons for the ECB to cut the interest rate in their next meeting, which would be Euro negative.

However, the Euro did not react to the higher than expected producer prices. EURUSD is currently trading around 1.3075 in forex markets, following an earlier rally on optimism for the EU ministers meeting. Resistance could now be provided by a previous 2.5-month high at 1.3139.

EURUSD Daily: December 4, 2012

Euro-Zone_Producer_Prices_Rise_Slightly_and_Beat_Expectations_body_eurusd_daily_chart.png, Forex News: Euro-Zone Producer Prices Rise Slightly and Beat Expectations

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

DISCLOSURES