Negative statistics from Germany | 31 Octubre 2023
31 Octubre 2023, EUR/USD
EURUSD trading plan:
Inflation in Germany eased noticeably in October, falling to its lowest level since August 2021, pointing to a substantial cooling in headline inflation in the euro zone. German inflation eased in October to 3.0%, the federal statistics office said. German consumer prices, harmonised to compare with other European Union countries, had risen by 4.3% year-on-year in September. Core inflation, which excludes volatile food and energy prices, fell to 4.3% in October from 4.6% in the previous month. This is a negative signal for the European currency.
Investment idea: sell 1.0650 and take profit 1.0550.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
