German Prelim CPI and French Consumer Spending are some of the highlights events. Let’s see what awaits us today.
In Europe, M3 Money Supply, domestic currency in circulation and deposited in banks is about to rise by 0.3% and correlated with interest rates. In the cycle expanding money supply leads to inflation.
Also in Europe, German Prelim Consumer Price Index (CPI), goods and services purchased by consumers; is about to rise by 0.1%. Account for a majority of overall inflation
More in Europe, German Import Prices of imported goods purchased domestically is about is due to remain 0.3% similar to the previous month.
Finally in Europe, French Consumer Spending, goods expenditures by consumers is about to rise by 0.5%. Accounts for the majority of overall economic activity
For more on the Euro, read the EUR/USD forecast and Casey Stubbs’ latest analysis.
That’s it for today. Happy forex trading!
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