The first estimate for the consumer price index in the euro-zone came out weaker than expected: 2.7% on an annual basis. This doesn’t hurt the euro, as it is not sufficient to stop the rate hike next week. A rise to a pace of 2.8% was expected. These same expectations existed last month, but they didn’t materialize. This didn’t stop Trichet from using “strong vigilance” then, and won’t stop the rate hike now. EUR/USD remains practically unchanged, well above support. Earlier today, German unemployment change disappointed for a second month in a row. The number of unemployed people dropped at a smaller rate than expected: only 8,000. Resistance is at 1.4550, followed by 1.4650. Support is at 1.4450, followed by 1.4375. For more about EUR/USD, see the euro/dollar forecast. 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 EUR/USD June 30 – Sliding to Support on Greek Hangover Yohay Elam 12 years The first estimate for the consumer price index in the euro-zone came out weaker than expected: 2.7% on an annual basis. This doesn't hurt the euro, as it is not sufficient to stop the rate hike next week. A rise to a pace of 2.8% was expected. These same expectations existed last month, but they didn't materialize. This didn't stop Trichet from using "strong vigilance" then, and won't stop the rate hike now. EUR/USD remains practically unchanged, well above support. Earlier today, German unemployment change disappointed for a second month in a row. The number of unemployed people dropped at… Regulated 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.
