Economic Calendar

German CPI Lower Than Expected

01:00 PM GMT, Germany – Inflation Data for November:

  • German HICP: actual 2.4% YoY; forecast 2.6% YoY; previous 2.4% YoY;
  • German HICP: actual -0.7% MoM; forecast -0.5% MoM; previous 0.4% MoM;
  • German CPI: actual 2.2% YoY; forecast 2.3% YoY; previous 2.0% YoY;
  • German CPI: actual -0.2% MoM; forecast -0.2% MoM; previous 0.4% MoM;

Inflation data for Germany came in 0.1 pp lower than expecteded in the YoY perspective (0.2 pp in the case of Harmonised CPI). The monthly indicator has gone into the red (-0.2%) from 0.4% in the previous month, signaling further cooling of the German economy. A momentary gains on EURUSD have quickly worn off, due to traders expecting a softer stance of ECB regarding further monetary policy adjustments.

Source: xStation5

The material on this page does not constitute financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other specific needs. All information provided, including opinions, market research, mathematical results and technical analyzes published on the Website or transmitted To you by other means, it is provided for information purposes only and should in no way be construed as an offer or solicitation for a transaction in any financial instrument, nor should the information provided be construed as advice of a legal or financial nature on which any investment decisions you make should be based exclusively To your level of understanding, investment objectives, financial situation, or other specific needs, any decision to act on the information published on the Website or sent to you by other means is entirely at your own risk if you In doubt or unsure about your understanding of a particular product, instrument, service or transaction, you should seek professional or legal advice before trading. Investing in CFDs carries a high level of risk, as they are leveraged products and have small movements Often the market can result in much larger movements in the value of your investment, and this can work against you or in your favor. Please ensure you fully understand the risks involved, taking into account investments objectives and level of experience, before trading and, if necessary, seek independent advice.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also
Close
Back to top button