Negative macroeconomic statistics from Germany | 21 Octubre 2022

21 Octubre 2022, EUR/USD

Negative macroeconomic statistics from Germany

EURUSD trading plan:

German producer prices rose more than expected in September, maintaining the previous month's record pace as energy prices soared, according to data released. Producer prices of industrial products rose 45.8% on the same month last year, the Federal Statistical Office reported, compared with economists' expectations for the rate of increase to ease to 44.7%. Compared to August 2022, prices rose 2.3%, which was also above consensus for 1.3%. This is a negative signal for the European currency.

Investment idea: sell 0.9834 and take profit 0.9750.

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.