German CPI supports Euro
Published on 13.04.2016 09:49

The Euro is slightly down today after profit takers moved in on the back of strong Consumer price index numbers out of Germany Yesterday.

According to statistics, German consumer prices jumped 0.8 percent in March against analysts’ expectations for a 0.6 percent rise with the yearly figure rising to 0.3 percent against last month’s figure of 0.0 percent.

This data shows the German economy moving into inflation mode which some analysts attribute to the stimulus package from the ECB and may prove that no further easing will be needed in the nearest future which will please those from Bundersbank.

The strong numbers may be a sign of things to come with the release of Eurozone CPI figures on Thursday which may also show the Eurozone has defied deflation and lend some support to the Euro for the foreseeable future.

Other important data likely to drive the European currency today is the release of Industrial production figures from the Eurozone which are expected to hit the market at -0.7 percent against last month’s figure of 2.1 percent with any surprise to the upside also likely to boost the Euro

 

The material published in on this page is produced by the FIBO group companies, and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Andrew Masters

Analyst

The world of trading has no boundaries

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this broker. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

×

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this broker. Before deciding to trade foreign exchange you should consider whether you understand how CFDs work, your investment objectives, your level of experience and readiness of taking risk. The possibility exists that you could sustain a loss of some or of all of your initial investments and therefore you should not risk more than you are prepared to lose. Please seek independent financial advice if necessary.

Important notice
By clicking "Continue" you will be redirected to the website operated by FIBO Group, LTD company registered in BVI and regulated by FSC. Please familiarize yourself with the Customer Agreement through the link. Click "Cancel" to remain on this page.