Germany's consumer price inflation jumped To 7.3% to its highest level highest since 1981. The consumer price index rose 7.3 percent year-on-year, after a 5.1 percent increase in February, preliminary data from Destatis showed Wednesday. Economists had forecast a 6.3 percent inflation. The chart (above) was made using Metatrader 5 with Simple BrainTrading Ichi trading system (this trading system is attached to the post as zip archive). ...
Fed Delivers as Expected, USD Selling Exacerbated by Month-End Flows. Stretched Euro Positioning Reduces the Appeal in the Short Term. EUR/USD holding patten as markets await September breakout. US Dollar selling the dominant theme. more...
The agreements by EU leaders on a budget and a recovery fund have given EUR/USD a boost and prepared the ground for a further advance that could take the pair back to its autumn 2018 highs. However, traders should watch out for a possible retracement first as the pair is now technically overbought. Having broken above the 1.15 level, EUR/USD is well placed to challenge the 1.1621 high reached in October 2018. However, a pullback is possible ...
The European Council President is expected to propose a more modest EU budget this week. The Council is hoping EU leaders will agree to it at a summit later this month but wrangling over how best to help the weaker members from the Covid-19 pandemic will likely continue. Unless the EU governments can sort out their disagreements soon, a drop is likely in EUR/USD in this year’s third quarter. more...
Originally Posted by TheNews Germany's investor confidence rebounded at record rate in June as lockdown restrictions imposed to slow the spread of the coronavirus were eased across Europe, survey data from the ifo institute showed on Wednesday. more...
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