German inflation rose 0.5% on the HICP YoY as expected, but other figures beat.
EUR/USD is mostly unmoved.
Germany was expected to report no change in prices month over month. Prices remained flat in August according to the national figure. Looking at the European standard HICP, prices dropped by 0.1% back then. Year over year, prices were CPI was expected to rise by 0.6% after 0.4% beforehand, and the HICP carried expectations for 0.5% after 0.3%.
EUR/USD remains entrenched in range, trading at 1.1220 ahead of the publication. The pair hardly moved in recent days, ignoring speeches by Draghi and Yellen[1].
Earlier, Spanish inflation figures beat expectations with a rise of 0.3% y/y against 0.1% expected.
The next event for the pair is the final US GDP. A small upgrade to 1.3% is on the cards. See how to trade the US GDP with EUR/USD[2].
Get the 5 most predictable currency pairs[3]References
from Forex Crunch http://feedproxy.google.com/~r/ForexCrunch/~3/8Lza7N7RpQI/
from Online Forex Trading Resource http://its-veso.tumblr.com/post/151097873857
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