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German HICP 0.5% as expected, national at 0.7%, a beat

German inflation rose 0.5% on the HICP YoY as expected, but other figures beat. Update: Euro-zone  inflation is actually worse than expected, adding to pressure on the euro.

EUR/USD is mostly unmoved.

Germany was expected to report  no change in prices month over month. Prices remained flat in August according to the  national figure. Looking at the European standard HICP, prices  dropped by 0.1% back then. Year over year, prices were  CPI was expected to rise by 0.6% after 0.4% beforehand, and the HICP carried expectations for 0.5% after 0.3%.

EUR/USD remains entrenched in range, trading at 1.1220 ahead of the publication. The pair hardly moved in recent days, ignoring speeches by Draghi and Yellen.

Earlier, Spanish inflation  figures beat expectations with a rise of 0.3% y/y  against 0.1% expected.

The next event for the pair is the final US GDP. A small upgrade to 1.3% is on the cards. See how to trade the US GDP with 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.