Negative macroeconomic statistics from the euro zone | 03 3月 2022

03 3月 2022, EUR/USD

EURUSD trading plan:

Inflation in the 19 countries sharing the euro accelerated to 5.8% from 5.1% in January, the highest figure in the bloc's two decades, beating expectations for 5.4% and also confounding the ECB's own projection for a drop, data from Eurostat showed. A 32% jump in energy costs drove inflation last month but unprocessed food prices were also up sharply, rising 6.1% and making inflation especially painful for lower income families. But the ECB's chief economist Philip Lane called for "tolerating a temporary increase in the inflation rate", which was caused by a shock in the supply of fuel and other goods. "In the event of an adverse supply shock, the horizon over which inflation returns to the target level could be lengthened in order to avoid pronounced falls in economic activity and employment," Lane added. This is a negative signal for the European currency.

Investment idea: sell 1.1120 and take profit 1.1075.

David Johnson
Analyst of «FreshForex» company
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus