An Easter effect? After CPI leaped in April, it fell back in May. Headline inflation is down to 1.4%, slightly below 1.5% expected. More importantly, core inflation dips under 1% and reaches 0.9%. We are back to the previous levels. The unemployment rate did provide a positive surprise with 9.3%, better than 9.4% expected. EUR/USD is stable at 1.1180. The euro-zone was expected to report a slowdown in inflation. Headline CPI carried expectations for 1.5% after 1.9% seen in April. Core inflation was predicted to slip from 1.2%, the highest since 2013, to 1% in May. Early indicators from Germany, France, and Spain all pointed to even lower figures, as the actual data missed expectations. The euro-zone also publishes the unemployment rate for April, which was projected to slide from 9.5% to 9.4%. The data is critical towards the ECB decision next week. The ECB President remained cautious: while he is optimistic on growth, Mario Draghi did express worries about the developments in inflation. According to some reports, the ECB is likely to upgrade its assessment in the upcoming meeting, seeing risks as balanced instead of tilted to the downside. Here is the EUR/USD chart. Support awaits at 1.1160, followed by 1.1120. Resistance is at 1.1266. More: EUR/USD: In The Midst Of Pricing Higher Valuation & Higher Range – NAB Earlier today, German retail sales missed expectations with a drop of 0.2% against +0.4% expected. On the other hand, Germany’s labor market looks good: yet another slide of 14K after 15K last time. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next USD: 5 Reasons Why USD Bulls Need To Be Patient Yohay Elam 6 years An Easter effect? After CPI leaped in April, it fell back in May. Headline inflation is down to 1.4%, slightly below 1.5% expected. More importantly, core inflation dips under 1% and reaches 0.9%. We are back to the previous levels. The unemployment rate did provide a positive surprise with 9.3%, better than 9.4% expected. EUR/USD is stable at 1.1180. The euro-zone was expected to report a slowdown in inflation. Headline CPI carried expectations for 1.5% after 1.9% seen in April. Core inflation was predicted to slip from 1.2%, the highest since 2013, to 1% in May. Early indicators from Germany,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
