German CPI, Euro News and Analysis German disinflation marches on – prices rise at a slower rate in November Upward revision to US Q3 GDP upstages the CPI data EU Inflation data out tomorrow and is expected to reveal further progress Inflation in Germany dropped to 3.2% compared to November 2022 and represented a further
German Bundestag representative endorses Bitcoin as legal tender, aiming to integrate it into Germany’s financial landscape Read too Joana Cotar, representative of the German Bundestag, has publicly expressed her support for Bitcoin as legal tender in Germany. In a recent interview, she shared her aspirations to integrate Bitcoin into the country’s mainstream financial landscape. The
EUR/USD ANALYSIS Mixed euro area inputs are providing no firm guidance as to the path forward. German Ifo business climate report and ECB officials under the spotlight. EUR/USD consolidating in anticipation of fundamental catalysts. Elevate your trading skills and gain a competitive edge. Get your hands on the Euro Q4 outlook today for exclusive insights
Euro Analysis German manufacturing and services sectors register meagre surprise to the upside EUR/USD rises but pulls back to levels observed ahead of the release Few catalysts this week point to potentially lower volatility as markets speculate on 2024 rate cutting cycle The analysis in this article makes use of chart patterns and key support
EUR/USD ANALYSIS ]Softer German inflation maintains downward pressure on EUR upside. Euro area retail sales and ECB/Fed speak to come. EUR/USD bear flag still under consideration. Elevate your trading skills and gain a competitive edge. Get your hands on the Euro Q4 outlook today for exclusive insights into key market catalysts that should be on
German industrial output posts stronger-than-forecast fall in September German Industrial Production (MoM) (Sep) $EUR Actual: -1.4% Expected: -0.1% Previous: -0.2% German industrial production fell more than forecast in September by 1.4% compared to the previous month, the federal statistics office said on Tuesday. Analysts polled by Reuters had predicted a 0.1% decline. The office offers
Deutsche Bank says Germany’s economy is set for a double-dip recession (after the recession in Q4 of 2022 & Q1 of 2023) expects a GDP contraction in Q3 2023 that’ll weigh on economic activity into 2024 despite receding inflation, we expect that private consumption will only gradually come out of its rut consumer confidence has
Share: EUR/GBP oscillates around the 0.8647-0.8661 region in a narrow trading band on Thursday. Eurozone Retail Sales came in at -2.1% YoY in August vs.-1%, worse than expectation. UK’s S&P Global/CIPS Composite PMI and Services PMI for September came in above the market consensus. Traders will monitor the German Trade Balance for August
Share: EUR/GBP corrects significantly to near 0.8630 ahead of the German HICP data for September. Germany’s annual HICP inflation is seen softening despite rising energy prices. The UK economy is facing the headwinds of a stubborn inflation outlook and economic woes. The EUR/GBP pair drops vertically to near 0.8630 in the European session.
Recommended by Daniel Dubrovsky How to Trade EUR/USD The US Dollar experienced mixed performance against its major peers this past week. Looking at the chart below, the British Pound was the worst performer weakening about -1.2%. Meanwhile, the New Zealand Dollar was better off, rallying around 1.1%. Meanwhile, Wall Street took a plunge in the
