Euro Reaches 1.3900, German CPI Data Prints in Line, Euro Area Inflation Remains Low
Here you can find all the latest breaking forex and currency news about Euro Reaches 1.3900, German CPI Data Prints in Line, Euro Area Inflation Remains Low including currency analysis and forecasts, live foreign exchange rates, central bank interest rates, and currency trading strategies from experienced fx traders and forex platforms.
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.
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.
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 [email protected].
Want to trade with proprietary strategies developed by FXCM? Find out how with Mirror Trader.
original source
The article above is about breaking forex and currency news regarding Euro Reaches 1.3900, German CPI Data Prints in Line, Euro Area Inflation Remains Low, if you have any question about it. Please contact us by using the link below. Thanks for your patience.
- Japanese Yen Gains, Nikkei Falls as BOJ Leaves Policy Unchanged
- Chinese Business Sentiment Contracts for the First Time in 4 Months
- Dismal UK Retail Sales to Spur Another Test of GBP/USD Resilience
- Forex-Webinar:-FOMC-Minutes-Reinforce-Hike-Forecast
- Trading Video: Dollar Fails to Rally on Hawkish FOMC, Equities Rally
- Among Top Themes, Where is the Risk Most Potent: Fed Hike, China, EM?
- EUR/USD Technical Analysis: Looking to Short on Bounce
- US Dollar Declines as FOMC Minutes Bring Nothing New to the Table
- US DOLLAR Technical Analysis: USD Holds Support on FOMC Minutes
- WTI Crude Oil Price Forecast: What Now That $40bbl Broke?
- Fingertrp Scalping with James Stanley (Using Tradingview Charts)
- EUR/USD Risks Fresh Monthly Lows on Hawkish FOMC Minutes
- Analyst Pick - Kiwi & CAD in Focus
- Price & Time: USD/CAD ? It?s Showtime
- GBP/USD Ranges Ahead of FOMC Minutes
- President Xi Warns That China Faces Considerable Downward Pressure
- FOMC Minutes Later Today - USD Set for October 28 Redux
- Silver Price Is Targeting Its Yearly Low
- FTSE 100: Commodity Markets Wants to See The FTSE 100 at 6040
- DAX 30: Momentum Slows Down, FOMC Minutes on Tap
- US Dollar May Extend Gains as Fed Minutes Foreshadow Rate Hike
- Copper Surplus Faces Falling Premiums; Gold Slides before Fed Minutes
- China Real Estate Market Recovery Slows in October
- Traders Not as Confident of Fed Hike as Markets, Economists
- EUR/GBP Technical Analysis: Euro Drops to 3-Month Low
- Dollar Unmoved After China Treasury Holdings Hit a 7 Month Low
- Can Dollar Climb Continue After FOMC Forecast Shift?
- Dollar’s CPI Rally Lacking, Stall in Risk Raises Yen Crosses Appeal
- NZD/USD Technical Analysis: Short Trade Activated Sub-0.65
- Will the DAX Crack or Cower from Resistance?