Trading news

Expert's opinion from FXFinPro

Deflation in the euro area will lead to the fall of the euro

Today has been published preliminary data on consumer price inflation in the euro area, which in February unexpectedly fell to -0.2% vs. predicted 0.0% and 0.3% in January. It should be noted that core inflation was also below the forecast of 0.9% and totaled only 0.7%. Considering the future of the ECB meeting on March 10 which will probably decide on additional measures to stimulate inflation and the euro area economy as a whole, we expect a drop in euro prices with potential targets at 1.0800, 1.0700 and 1.0550. The increase in the near future is possible only within the correction.

More detailed analytics you can see at our site https://fxfinpro.com/en/analytics

 

Monday, 29 Feb, 2016 / 2:38

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news

 

COCA-COLA REPORTS SPARKLING Q1 RESULTS

Coca-Cola reported quarterly sales growth for the first time after four [...]

Posted on Tuesday, 20 Apr, 2021 / 10:04 under

Sinking dollar lifts other FX boats, Wall Street slips

· Dollar suffers after technical breaches, revitalizing sterling and [...]

Posted on Tuesday, 20 Apr, 2021 / 9:23 under

Intraday Market Analysis – Breaking All-Time Highs

GER 30 resumes uptrend ger30 With the fear of reflation now taking a [...]

Posted on Monday, 19 Apr, 2021 / 1:20 under