Inflation surprise - now in Europe

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Inflation surprise - now in Europe
FxPro | 432 दिनों पहले

Spain's CPI rose by 1% in February, and annual inflation accelerated from 5.9% to 6.1%. In France, prices rose 0.9% m/m, accelerating to 6.2% y/y. For forex traders, it is also important to note that the figure was higher than forecast, forcing a reassessment of expectations for Thursday's release of the region's overall index.

Although inflation in France has not reached the double digits for the whole Euro region, it still shows no signs of reversing. It will not be easy for the ECB to get inflation back to its "close but below 2%" target.

The higher-than-expected inflation rate supported Euro buying on Tuesday, pushing EURUSD back above 1.06 after a long downtrend triggered by strong US inflation. This currency tug-of-war has every chance of continuing as the labour market remains strong in both cases, creating a price spiral.

By the FxPro analyst team

विनियम: FCA (UK), CySEC (Cyprus), SCB (The Bahamas), FSCA (South Africa)
read more
All Eye Will Be On Today’s NFP

All Eye Will Be On Today’s NFP

Market attention now shifts to today's U.S. NFP reading, which could provide insights into the Fed's forthcoming monetary policy decisions.
PU Prime | 2 दिनों पहले
Dollar Strengthens on Strong U.S. Wage Data

Dollar Strengthens on Strong U.S. Wage Data

The U.S. dollar surged and equities stumbled following the release of the U.S. employment cost index, which revealed a robust 1.2% increase, the sharpest uptick in a year.
PU Prime | 4 दिनों पहले
Japanese Yen Fluctuation Eases after Rumour Clear

Japanese Yen Fluctuation Eases after Rumour Clear

The Japanese Yen experienced a significant fluctuation, moving more than 500 pips against the U.S. dollar in the last trading session. This volatility was driven by market speculation regarding potential intervention by Japanese authorities after the Yen surpassed the 160 mark against the dollar.
PU Prime | 5 दिनों पहले
Weekly Technical Outlook – USDJPY, EURUSD, Oil

Weekly Technical Outlook – USDJPY, EURUSD, Oil

USDJPY maintains bullish pattern after suspected intervention. EURUSD remains trapped below 20-SMA ahead of flash CPI. WTI oil futures wait for the next bullish catalyst below key resistance.
XM Group | 6 दिनों पहले
Daily Global Market Update

Daily Global Market Update

Oil prices held steady, AUD/USD and EUR/USD pairs traded flat, USD/JPY stalled, US stocks surged on tech earnings. Upcoming economic events include US Dallas Fed Manufacturing and Eurozone Business Climate reports.
Moneta Markets | 6 दिनों पहले