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
Mixed
Oil - US Crude
Bullish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Cable has enjoyed a prolonged period of gains against the US dollar during the last quarter of 2020 and the early days of 2021 thus far. Get your $GBPUSD market update from @RichardSnowFX here:https://t.co/i9ryfQYPCY https://t.co/aihtigIzh0
  • Biden team fears virus surge imperils pledge to curb pandemic -BBG $USD $DXY $SPX $ES_F $SPY #Stocks
  • #Bitcoin continues its recent slump, now down almost 2.5% today $BTC $USD https://t.co/3hq9QJDzEo
  • US Dollar Price Action Setups: EUR/USD, USD/CAD, AUD/USD https://www.dailyfx.com/forex/analyst_picks/todays_picks/james_stanley/2021/01/20/US-Dollar-Price-Action-Setups-USD-DXY-USDollar-EUR-USD-EURUSD-AUD-USD-AUDUSD-USD-CAD-USDCAD.html $USD $EURUSD $USDCAD $AUDUSD https://t.co/5oWRlUTZJl
  • Dollar Index remains above 90 as US equities put in a strong session $USD $DXY https://t.co/nKrGpulwmN
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Silver: 2.28% Gold: 1.47% Oil - US Crude: -0.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/fkusw10RZZ
  • EUR/USD carves a series of higher highs and lows ahead of the European Central Bank’s (ECB) first meeting for 2021. Get your $EURUSD market update from @DavidJSong here:https://t.co/XXMha8V8dD https://t.co/r7RYOc1u6r
  • Silver noticeably higher during trade, now up over 2% $XAG $USD https://t.co/5G4QlzCdja
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Wall Street are at opposite extremes with 66.19%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/MegXLHg0tp
  • Canadian #Dollar Outlook: $USDCAD BoC Breakdown– #Loonie Levels - https://t.co/3SVBLyMZTI https://t.co/9SzmpyXplC
Euro Trading Slightly Higher as Core Inflation Upticks

Euro Trading Slightly Higher as Core Inflation Upticks

Oded Shimoni, Junior Currency Analyst

Talking Points:

- The Euro trading slightly higher versus other major currencies

- Headline CPI at -0.1%, as expected. Core CPI Printing +1.0%, better than expected

- The pickup in the Core rate may have boosted the appeal of the single-currency

See how retail traders are positioning in the majors in your charts using the FXCM SSI snapshot.

The Euro traded slightly higher versus most major currencies (at the time this report was written) after the Euro-Zone’s Consumer Price Index (CPI) figures released today by Eurostat, the statistical office of the European Union, showed a slight uptick in Core Inflation in March. The preliminary headline reading showed consumer prices fell an annualized -0.1%, which was in line with expectations. The prior reading was -0.2%. Core CPI, which strips out volatile elements like food and energy prices, printed +1.0% percent, above the prior +0.8%, and the expected +0.9% (all annualized as well).

The European Central Bank (ECB) will start to increase bond purchases to 80 billion euros from the prior 60 billion euros this Friday after announcing new stimulus measures earlier this month, with the central bank targeting a rate of close to, but lower than 2% inflation.

The figures released today indicate that the ECB is still far from reaching their objectives, but as was mentioned earlier today by DailyFX Currency Analyst David Song, the pickup in the core rate of inflation may have boosted the appeal of the single-currency. It seems the market interpreted the figures as supporting a view for a lesser need from the ECB for additional monetary support, and the Euro traded higher versus most major currencies.

EUR/USD 5 Minute Chart: March 31, 2016

Euro Trading Slightly Higher as Core Inflation Upticks

--- Written by Oded Shimoni, DailyFX Research

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

DISCLOSURES