German HICP inflation falls to the lowest level of 2009 at 0.1%. This is hardly a positive number and below 0.2% expected. The dramatic drop from 0.6% in November is easily attributed to oil prices, but they are not really alone. EUR/USD is below 1.19. Can it confirm the break below the 2010 low? Update: after the initial dip, EURUSD is back above 1.19, but isn’t going too far. National CPI stands at 0.2%, also below 0.3% expected. Month over month, HICP rose by 0.1% and national CPI was unchanged – both also below predictions. These low levels mean that a scenario of deflation in the euro-zone for 2014 cannot be ruled out. The data is set for release on Wednesday. It pressures the ECB to act. For the month of December, Germany was expected to report a significant drop in the already low HICP seen in November. Predictions stood on a national CPI level of 0.3% and the European standard HICP level of 0.2%. However, early data from the various German states seemed extremely low. EUR/USD was trading at extremely low levels of just around 1.19. The 2010 low of 1.1867 was briefly breached in the early hours of the week, on very thin trading. The break to levels last seen in 2006 was still not confirmed. Here are 6 reasons why EUR/USD collapsed fast. 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 USDJPY: Risk Continues To Point Higher FX Tech Strategy 7 years German HICP inflation falls to the lowest level of 2009 at 0.1%. This is hardly a positive number and below 0.2% expected. The dramatic drop from 0.6% in November is easily attributed to oil prices, but they are not really alone. EUR/USD is below 1.19. Can it confirm the break below the 2010 low? Update: after the initial dip, EURUSD is back above 1.19, but isn't going too far. National CPI stands at 0.2%, also below 0.3% expected. Month over month, HICP rose by 0.1% and national CPI was unchanged - both also below predictions. These low levels mean that… 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.
