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.

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
EUR/USD
Bullish
Oil - US Crude
Bullish
Wall Street
Mixed
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Gold Price Forecast: Dovish FOMC Could Underpin Bullion Ahead of NFP - https://www.dailyfx.com/forex/fundamental/forecast/weekly/chf/2020/11/27/Gold-Price-Forecast-Dovish-FOMC-Could-Underpin-Bullion-Ahead-of-NFP.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr #Gold #XAUUSD $GOLD $GLD https://t.co/N9ChZOqSdy
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.42% 🇦🇺AUD: 0.35% 🇳🇿NZD: 0.30% 🇨🇦CAD: 0.20% 🇯🇵JPY: 0.16% 🇬🇧GBP: -0.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/4uyJxc09OH
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.48% Gold: -1.28% Silver: -2.80% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/pbfmvnsvuu
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 93.65%, while traders in France 40 are at opposite extremes with 78.02%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/NL3bVphnYH
  • Indices Update: As of 21:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.64% Germany 30: 0.04% US 500: 0.00% Wall Street: 0.00% France 40: -0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/uZ1HjcIJ4q
  • GBP/USD continues to fail around the 1.3400 level and is unlikely to make a confirmed break higher ahead of any trade talk confirmation. Get your $GBPUSD technical analysis from @nickcawley1 here:https://t.co/EWLFXK1q3q https://t.co/4XSSNxobMo
  • The Gold price sell-off has broken below key technical barriers and leaves the outlook for XAU/USD weighted to the downside heading into the close of the month. Get your $XAUUSD technical analysis from @MBForex here:https://t.co/3YLcAFlr5f https://t.co/1uFb9UkDvV
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.48% Gold: -1.28% Silver: -2.80% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/OvThGydQBs
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 93.65%, while traders in France 40 are at opposite extremes with 78.02%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Yq6wLxhblV
  • Vaccine Optimism Sparks 28% Increase in Oil Prices. Get your #crudeoil market update from @JMcQueenFX here:https://t.co/F3AlSkniXk https://t.co/qevY4Gh6o9
Euro Reaches 1.3900, German CPI Data Prints in Line, Euro Area Inflation Remains Low

Euro Reaches 1.3900, German CPI Data Prints in Line, Euro Area Inflation Remains Low

2014-04-11 06:49:00
David Maycotte,
Share:

Talking Points:

  • German CPI Confirmed at 1.0% y/y in March vs. in 1.2% in Feb
  • Euro Rose Against the US Dollar Following the Data Release
  • Further Gains May Be Ahead as the ECB Writes Off Deflation

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

The release of the final revision of March’s German CPI gave enough fuel for EURUSD to reach 1.3900. The benchmark year-on-year inflation rate confirmed at 1.0 percent and is the lowest level since June 2010. The month-on-month change matched initial estimates at 0.3 percent. European Central Bank policy makers continue to write off deflation as a risk to the Eurozone. ECB President Draghi said earlier in March that the high exchange rate creates headwinds for the Eurozone. Unable to talk the Euro lower it appears that EURUSD is back on track towards 1.4000 that the ECB may begin to move bolstering bets on additional easing from the ECB. The following graph shows the benchmark year-on-year inflation rate in the Euro area.

Euro-Reaches-13900-German-CPI-Data-Prints-in-Line-Euro-Area-CPI-Remains-Low_body_Chart_2.png, Euro Reaches 1.3900, German CPI Data Prints in Line, Euro Area Inflation Remains Low

The Euro popped higher against the U.S. Dollar after the data before returning to familiar overnight ranges. The euro has advanced against the US Dollar for four consecutive days and it appears that the euro rally has room to continue to 1.3928 then 1.4000. As of yesterday retail sentiment data shows that a mere 20% of retail traders remain long suggesting a further bullish trading bias.

Learn how to trade Forex sentiment with DailyFX's SSI.

Euro-Reaches-13900-German-CPI-Data-Prints-in-Line-Euro-Area-CPI-Remains-Low_body_Picture_1.png, Euro Reaches 1.3900, German CPI Data Prints in Line, Euro Area Inflation Remains Low

EURUSD 5-Minute Chart. April 11, 2014. Created using FXCM Marketscope 2.0.

-- 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