Consumer Inflation Data for Germany and Spain

• German Consumer Price Index (CPI) (m/m) (September), fact 0.0%, forecast 0.0%.
• Spanish Consumer Price Index (CPI) (y/y) (September), fact 0.1%, forecast 0.1%.
• Harmonized Consumer Price Index in Spain (y/y) (September), fact 0.2%, forecast 0.2%.

The monthly consumer price index in Germany and Spain remains very restrained. Of particular note is the data on Germany, which has grown, moving to the zero mark. This can be regarded as a slowdown in the downward trend, but the overall figure for Germany wouldn’t change much.

Fig. 1. Consumer Price Index (CPI) of Germany (m m)

These statistics have a weak effect on the dynamics of the euro, but may confirm the restrained dynamics of the inflation rate in the eurozone. General dynamics of the euro remains moderately positive, limited by the risks of Brexit data and the US-China trade talks. The EUR/USD pair is limited by lateral dynamics from 1.1040 to 1.1100-1.0990 and uncertainty around trade negotiations.

Fig. 2. EUR/USD chart

Read also: “The main reasons for the 
weakening of the US dollar. Fed’s rate cuts“

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. Cloudy prospects for the  oil market 
2. Risks of global economic slowdown are escalating
3. What indicators choose Forex traders (Part 2)

Current Investment ideas:

1. One more opportunity to earn in October! Sell ​​#CAT shares now!
2. Several reasons to buy Cisco Systems, Inc. shares in October. Let’s earn Together!
3. Technology giant Microsoft is getting ready to storm new highs! Let’s make money on it!