German annual inflation slowed in January | 01 Febrero 2022

01 Febrero 2022, EUR/USD

German annual inflation slowed in January

EURUSD trading plan:

German annual inflation slowed in January. Consumer prices, harmonized to make them comparable with inflation data from other European Union countries, rose 5.1% year on year compared with 5.7% in December, the Federal Statistics Office said. As surveys of German and foreign companies have so far shown no significant easing of supply chain disruption, the year-on-year CPI rates are likely to stay above 4.5% for a few more months. Euro zone inflation hit 5% last month, the highest on record for the 19-country currency bloc, but the ECB expects it back under its 2% target in both 2023 and 2024, even without policy tightening, as one-off pressures ease. This is a negative signal for the European currency.

Investment idea: sell 1.1260 and take profit 1.1187.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.