Search ForexCrunch

No surprises from German inflation  figures: annual HICP  rose to 0.3% as expected and annual national CPI advanced to 0.4% as expected as well. The monthly figures  both rose 0.%.

EUR/USD ticks marginally higher on the news, but remains constrained in range.

Germany was expected to report a tick up in inflation: rises of 0.1% m/m in both the national and the HICP (European standard). Both stood on 0% in  October. The year over year numbers were predicted to  advance from 0.2% to 0.3% in the HICP and 0.3% to 0.4% in the national numbers. Early  indications from the various German states suggested this kind of result or perhaps slightly stronger.

EUR/USD traded around 1.0575 towards the publication,  hovering over low ground.

The German  number feeds into the  all-European figure which in turn feeds into the ECB decision on Thursday.

ECB Preview: Short euro and long bunds opportunities

In this week’s podcast we guide you through the upcoming storm:  ECB, NFP, OPEC and more

Follow us on Sticher or on iTunes