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.



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
Oil - US Crude
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
More View more
Real Time News
  • Myth or fact? One thing is for sure, there are a lot of misconceptions about trading. Knowing the difference between common trading myths and the reality is essential to long-term success. Find out about these 'myths' here:
  • What are some monetary policies that could affect Gold this quarter? Get your Gold free forecast here: #DailyFXGuides
  • Even more remarkable than the record high levels of leverage registered in US equities this past week was the attention it garnered. Paying attention to risk is a threat when markets are this high and the docket as dense as it is this week. My outlook:
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here:
  • Are you new to trading? Technical analysis of charts aims to identify patterns and market trends by utilising different forms of technical chart types and other chart functions. Get a refresher on technical analysis or begin building your knowledge here:
  • USD hegemony is at risk thanks to changes in the global economy and the long-term consequences of the US-China trade war. Get your market update from @CVecchioFX here:
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge:
  • The formation of several bullish technical patterns suggests that the haven-associated Japanese Yen is at risk of further losses against the Euro and Australian Dollar. Get your market update from @DanielGMoss here:
  • Natural gas is moving lower after weather models pointed to warmer-than-average temperatures across much of the US. Get your market update from @FxWestwater here:
Euro Plunges Lower as German Inflation May Raise Flags for the ECB

Euro Plunges Lower as German Inflation May Raise Flags for the ECB

Baruch Spier,

Talking Points:

  • German inflation misses expectations for April
  • ECB warns of possible action if prices threaten recovery
  • EUR/USD plunges 45 pips on the CPI release

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




German CPI (APR P) MoM




German CPI (APR P) YoY




German CPI EU Harmonized (APR P) MoM




German CPI EU Harmonized (APR P) YoY




The Euro plunged in Forex markets on Tuesday morning, as German annual inflation was reported below expectations for April and signaled higher chances of ECB action. Consumer prices rose 1.3% from April 2013, which was a three-month high for inflation, but still disappointed expectations for 1.4% annual rise in consumer prices. German annual inflation was reported at a three-year low in March at 1.0%.

Inflation has remained an important factor for the European Central Bank, as annual price changes remain below the ECB’s 2% target rate. Euro-zone wide inflation was reported at a four-year low of 0.5% in March, and inflation for April will be released tomorrow. ECB President Draghi warned recently that the central bank is open to broad based purchases of assets if consumer prices threaten the recovery.

That’s why lower than expected inflation in the Euro-zone’s biggest economy caused a sell-off in the Euro.

EUR/USD 1-Minute: April 29, 2014

Euro Plunges Lower as German Inflation May Raise Flags for the ECB

The Euro fell over 45 pips and to a new 3-day low against the US Dollar following the release. EUR/USD may next find support by the 2-week low at 1.3784.

Senior Technical Strategist Jamie Saettele said that failed rallies in EUR/USD trading may warn of something sinister to the downside. See Jamie’s daily EUR/USD chart below and read more here.

Euro Plunges Lower as German Inflation May Raise Flags for the ECB

Chart created by Baruch Spier and Jamie Saettele using Marketscope 2.0. Add DailyFX Support/Resistance to your charts at FXCM Apps.

-- Written by Baruch Spier, DailyFX Research. Feedback can be sent to .

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