Better than expected inflation data in the euro-zone: headline CPI dropped to 1.3% but beat projections at 1.2%. More importantly, core inflation is bouncing back up to 1.1%, up from 0.9% and better than 1% predicted. EUR/USD initially advanced but then resumed its correction to the downside. Is this a buying opportunity on EUR/USD? The preliminary inflation report for June was expected to show a slowdown in headline CPI from 1.4% to 1.2%. Core inflation was predicted to recover from 0.9% to 1%. Early indications were mixed: Spain’s measure missed expectations while Germany’s figure beat expectations. The French figures met estimates. EUR/USD was trading lower, just around 1.14. It had already reached a new 14-month high of 1.1445. Preview: EUR/USD: Inflation data could start the next rally Earlier in the day, we learned that German retail sales jumped by 0.5% against 0.3% expected. However, the number of the unemployed rose by 7K, a rarity in Germany, where jobless claims were in the fall for a long time. More: EUR/USD: Where next after the Eur-phoria? 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 CAD: The Loonie Takes Flight; What’s The Trade? – SocGen Yohay Elam 6 years Better than expected inflation data in the euro-zone: headline CPI dropped to 1.3% but beat projections at 1.2%. More importantly, core inflation is bouncing back up to 1.1%, up from 0.9% and better than 1% predicted. EUR/USD initially advanced but then resumed its correction to the downside. Is this a buying opportunity on EUR/USD? The preliminary inflation report for June was expected to show a slowdown in headline CPI from 1.4% to 1.2%. Core inflation was predicted to recover from 0.9% to 1%. Early indications were mixed: Spain's measure missed expectations while Germany's figure beat expectations. The French figures met… 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.
