Euro-zone inflation defies gravity and stands at 0.4%. It could have been worse. Core inflation is indeed worse at 0.7%, but the ECB’s mandate is the headline inflation, and that came out OK – very low, but not terrible as German numbers implied. The unemployment rate stands at 11.5% as expected. EUR/USD recovers to 1.2580. Official expectations for euro-zone CPI were for an annual level of 0.4% in October 2014, but the weak German data probably caused traders to adjust their expectations lower. Core inflation was expected to remain at 08% y/y. EUR/USD was on the back foot towards the event, trading around 1.2560. At the same time, Eurostat released the unemployment rate, and it was expected to remain unchanged at 11.5%. Earlier, German retail sales disappointed with a 3.2% drop, French consumer spending disappointed with a drop of 0.8% and Italian unemployment disappointed with a rise to 12.6%. The euro erased its post Fed fallout recovery. Here are 5 reasons for the fall of EUR/USD. 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 Canadian GDP slides 0.1% in August – USD/CAD jumps Yohay Elam 7 years Euro-zone inflation defies gravity and stands at 0.4%. It could have been worse. Core inflation is indeed worse at 0.7%, but the ECB's mandate is the headline inflation, and that came out OK - very low, but not terrible as German numbers implied. The unemployment rate stands at 11.5% as expected. EUR/USD recovers to 1.2580. Official expectations for euro-zone CPI were for an annual level of 0.4% in October 2014, but the weak German data probably caused traders to adjust their expectations lower. Core inflation was expected to remain at 08% y/y. EUR/USD was on the back foot towards the… Top 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.
