A new low for euro-zone inflation: 0.5% in March according to the flash read. Core inflation dropped to 0.8% as expected. CPI inflation in the euro-zone was expected to drop from 0.7% to 0.6% in the preliminary numbers for March. Core inflation was predicted to slide from 1% to 0.8%. The numbers are critical for the ECB rate decision on Thursday. EUR/USD traded around 1.3740 before the publication. The pair fell to 1.3721 but rebounded quickly to the pre-release levels. Did the core number offset the initial headline disappointment? In any case, this is the lowest headline Consumer Price Index since 2009. Prices fell after the financial crisis, but core CPI remained solid. We are now seeing both slide. On Friday, Germany reported lower than expected inflation numbers on all fronts, with HICP falling to only 0.9%. The weakness joined dovish comments that were heard earlier from various ECB members. Support lies at 1.3740 followed by 1.37. Resistance is at 1.38 and 1.3830. For more, see the euro dollar forecast. 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 AUDUSD gearing up for a bearish mean reversion correctional Dale Woods 8 years A new low for euro-zone inflation: 0.5% in March according to the flash read. Core inflation dropped to 0.8% as expected. CPI inflation in the euro-zone was expected to drop from 0.7% to 0.6% in the preliminary numbers for March. Core inflation was predicted to slide from 1% to 0.8%. The numbers are critical for the ECB rate decision on Thursday. EUR/USD traded around 1.3740 before the publication. The pair fell to 1.3721 but rebounded quickly to the pre-release levels. Did the core number offset the initial headline disappointment? In any case, this is the lowest headline Consumer Price Index… 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.
