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
EUR/USD
Bullish
Oil - US Crude
Mixed
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
Wall Street
Bullish
Gold
Bearish
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
GBP/USD
Mixed
USD/JPY
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
  • Heads Up:🇷🇺 Inflation Rate YoY (JUL) due at 13:00 GMT (15min) Expected: 3.4% Previous: 3.2% https://www.dailyfx.com/economic-calendar#2020-08-06
  • 🇺🇸 Initial Jobless Claims (01/AUG) Actual: 1,186K Expected: 1415K Previous: 1434K https://www.dailyfx.com/economic-calendar#2020-08-06
  • 🇺🇸 Jobless Claims 4-Week Average (01/AUG) Actual: 1,337.75K Previous: 1368.5K https://www.dailyfx.com/economic-calendar#2020-08-06
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.82%, while traders in US 500 are at opposite extremes with 76.11%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/8lwdCO7f8U
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.29% 🇯🇵JPY: 0.08% 🇨🇭CHF: 0.00% 🇦🇺AUD: -0.15% 🇪🇺EUR: -0.18% 🇨🇦CAD: -0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/gpL0CBYyXO
  • Heads Up:🇺🇸 Continuing Jobless Claims (25/JUL) due at 12:30 GMT (15min) Expected: 16720K Previous: 17018K https://www.dailyfx.com/economic-calendar#2020-08-06
  • Heads Up:🇺🇸 Initial Jobless Claims (01/AUG) due at 12:30 GMT (15min) Expected: 1415K Previous: 1434K https://www.dailyfx.com/economic-calendar#2020-08-06
  • Heads Up:🇺🇸 Jobless Claims 4-Week Average (01/AUG) due at 12:30 GMT (15min) Previous: 1368.5K https://www.dailyfx.com/economic-calendar#2020-08-06
  • BoE's Bailey says there is an awful lot of risk to the downside in forecasts $GBP
  • 🇧🇷 Unemployment Rate (JUN) Actual: 13.3% Expected: 13.2% Previous: 12.9% https://www.dailyfx.com/economic-calendar#2020-08-06
Forex News: Euro-zone Inflation Remains at a 2-Year Low

Forex News: Euro-zone Inflation Remains at a 2-Year Low

2013-01-04 10:24:00
Benjamin Spier, Technical Strategist
Share:

THE TAKEAWAY: Euro-zone inflation estimate for December at 2.2%, higher than expected -> Energy prices up 5.2% annually -> Euro trading steady following earlier declines

Euro-zone inflation remained at 2-year low in December, according to an initial consumer prices estimate by Eurostat. The CPI was seen 2.2% higher than December 2011, which was higher than an expected 2.1% inflation and unchanged from November’s annual price change.

Energy prices were 5.2% higher annually, less than November’s 5.7% rise in energy prices. Food, alcohol and tobacco prices were 3.1% higher in December, compared with 3.0% in November. Services prices were up 1.8% from December 2011, compared with 1.6% in November. The full consumer prices report will be released by Eurostat on January 16.

Last month, the European Central Bank decided to keep the interest rate at 0.75%, despite mounting pressures for further rate cuts from two straight quarters of negative growth and predictions for further weakness in the first part of 2013. Lower inflation rates would make it easier to for the central bank to decide to cut its interest rate this month, which would be Euro negative. ECB’s Nowotny previously said that he sees lower Euro area inflation in 2013 and 2014.

The Euro did not react significantly to the slightly higher than expected inflation. EURUSD has fallen towards the key 1.3000 figure since yesterday’s release of the Fed minutes. Support could be provided by the key 1.3000 figure, and resistance could be provided by the previous resistance line at 1.3158.

EURUSD Daily: January 4, 2013

Euro-zone_Inflation_Remains_at_a_2-Year_Low_body_eurusd_daily_chart.png, Forex News: Euro-zone Inflation Remains at a 2-Year Low

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

DISCLOSURES

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.