Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Roboforex is an official sponsor
of "Starikovich-Heskes Team"
at the Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Fundamental analysis / The euro is under sales again
Ask a question
Did not find the information you need? Ask your questions and get answers online!
Enter chat
Or enter your phone number in the form below and we will call you right away.
Call back

The euro is under sales again

On Friday afternoon, the EUR/USD pair is trading down after the release of macroeconomic reports on Germany.

The single European currency is weaker by the end of another November week. The current quote in the main currency pair is 1.0696. Sellers returned to the instrument after today’s publication of macro data from Germany.

The producer price index for October in Germany weakened more than expected. According to calculations by Destatis, the index dipped by 0.4% m/m (-2.3% y / y) due to another fall in energy costs. The current decline in the indicator is the most notable one in five years. Energy prices declined in October by 0.9% m/m.

Excluding energy figures, the producer price index last month would have weakened by only 0.3% m/m (-0.7% y/y). The indicator purified from volatility is needed to understand the overall global trend.

Thus, on the part of manufacturers, there is no upward effect on consumer inflation. Companies and producers do not see the point in it - as long as consumers are inactive, their demand will decline only because of the revision of the price tag on the goods.

The reactions of the euro/dollar to today’s report are not visible - there is no other news, information flow is calm, and the market is gradually preparing for the weekend.
RoboForex Analytical Department

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.


Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.