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.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
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:🇷🇺 Markit Manufacturing PMI (JUL) due at 06:00 GMT (15min) Previous: 49.2
  • Heads Up:🇩🇪 Retail Sales YoY (JUN) due at 06:00 GMT (15min) Previous: -2.4%
  • GBPUSD trend may be resuming after trendline break - #GBPUSD chart
  • 🇯🇵 Consumer Confidence (JUL) Actual: 37.5 Previous: 37.4
  • 🇮🇳 Markit Manufacturing PMI (JUL) Actual: 55.3 Expected: 50.5 Previous: 48.1
  • Heads Up:🇯🇵 Consumer Confidence (JUL) due at 05:00 GMT (15min) Previous: 37.4
  • Heads Up:🇮🇳 Markit Manufacturing PMI (JUL) due at 05:00 GMT (15min) Expected: 50.5 Previous: 48.1
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.66%, while traders in Wall Street are at opposite extremes with 74.99%. See the summary chart below and full details and charts on DailyFX:
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.03% 🇯🇵JPY: 0.00% 🇦🇺AUD: -0.03% 🇨🇦CAD: -0.04% 🇨🇭CHF: -0.04% 🇳🇿NZD: -0.08% View the performance of all markets via
German CPI Misses Ahead of US Durable Goods, Yellen

German CPI Misses Ahead of US Durable Goods, Yellen

Gregory Marks,

Talking Points:

-German CPI MoM (Feb P) comes in at 0.5% vs. 0.6% est. and -0.6% prior

-German CPI YoY (Feb P) comes in at 1.2% vs. 1.3% est. and 1.3% prior

-Euro flat ahead of Durable Goods, Initial Jobless Claims, Yellen

German data disappointed on Thursday as inflation figures missed market expectations. Although employment data came in slightly better than economist’s estimates, Consumer Price Index data for the month of February indicated a MoM reading of 0.5% vs. 0.6% est. and -0.6% prior.

These developments put greater pressure on Mr. Draghi and the European Central Bank as we near the March rate decision. Although key officials remain upbeat about price levels, the data continues to tell a different story. Disinflation can only carry on for so long before the threats of deflation arise, especially when recent disinflation is being led by the Euro-Zone’s strongest nation. January’s -0.6% MoM print was highly disappointing, but sustained ICE Brent Crude prices 2%-3% above January prices may have helped edge out this month over month gain.

ECB officials have talked down speculation of negative deposit rates and other measures as of late, but we have seen this pattern play out before and the central bank eventually folded to the realities of incoming data. For instance in September and October we saw overly optimistic officials talk up prospects of EU growth, but disappointing inflation data for October forced their hand and led toan abrupt rate cut in November to 25bps from 50bps prior.

EUR/USD February 27, 2014 (5-Minute Chart)

German_CPI_Misses_Ahead_of_US_Durable_Goods_Yellen_body_Picture_1.png, German CPI Misses Ahead of US Durable Goods, Yellen

Source: FXCM Marketscope

The Euro is relatively flat following the release as market participants await key US Durable Goods Data, Initial Jobless Claims and Yellen’s testimony in front of the Senate starting at 15:00GMT.

Gregory Marks, DailyFX Research Team

Keep up to date on event risk with the DailyFX Calendar.

How does a Currency War affect your FX trading?

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