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
EUR/USD
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
Oil - US Crude
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
Wall Street
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
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
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
USD/JPY
Mixed
More View more
Euro Ignores German CPI, Pressure Mounts on ECB Draghi Comments

Euro Ignores German CPI, Pressure Mounts on ECB Draghi Comments

2014-03-14 08:00:00
David Maycotte,
Share:

Talking Points:

  • German CPI year-on-year Inflation Lowest in 5 months.
  • Euro Little-Changed vs. US Dollar Following Inflation Data
  • Euro at Risk as Spotlight turns to US Confidence Due Later Today

The Euro ignored the release of the final revision of February’s German CPI but climbed higher against the US Dollar as it recovered some losses from yesterday. The benchmark year-on-year inflation rate confirmed at 1.2 percent and is the lowest inflation print since October 2013. The month-on-month change matched initial estimates of 0.5 percent.

The German inflation data follows ominous comments made yesterday by ECB President Mario Draghi that sent the euro tumbling. He verbally intervened – that is common for central banks – saying that the current rate of exchange is a factor for the persisting low-inflation and noted that an exchange rate close to 2012 levels would be ideal. Following the comments, DailyFX Strategist Ilya Spivak notes that the Euro rally may finally turn-over on the back of a technical top that may be in place.

EUR/USD 5-minute Chart. March 14, 2014

Euro_Ignores_German_CPI_Pressure_Mounts_on_ECB_Draghi_Comments_body_Picture_1.png, Euro Ignores German CPI, Pressure Mounts on ECB Draghi Comments

Get Real-Time Feedback on Your Trades withDailyFX on Demand!

-- Written by David Maycotte, DailyFX Research Team. Questions, comments or concerns can be sent to instructor@dailyfx.com.

Want to trade with proprietary strategies developed by FXCM? Find out how with Mirror Trader.

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

DISCLOSURES

News & Analysis at your fingertips.