Weak German Producer Prices Send the Euro Back Down

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Weak German Producer Prices Send the Euro Back Down
FxPro | 140 दिनों पहले

Market picture

The German Producer Price Index fell more than expected, preventing the EURUSD from extending the rebound seen at the end of last week.

Producer prices in Europe’s largest economy fell 0.5% in September (-0.2% expected), accelerating the annual decline to 1.4% (-0.8% expected) from 0.8% in the previous month. The negative annual growth rate has persisted for the past 15 months, pulling the nominal index back to levels last seen in May 2022.

The weakness in German producer prices puts further active monetary easing in the eurozone back on the agenda. Last week, the ECB cut its key interest rate for the third time this cycle. Soft comments from the bank’s president, Christine Lagarde, sent EURUSD towards 1.08, but a corrective dollar pullback brought the pair back to 1.0870 by early Monday afternoon.

Technical picture

The rally at the end of last week looks like a corrective bounce after the pair had fallen 3.5% from its late September highs. This bounce lost momentum as it ran into the 200-day moving average and unwound what appeared to be overheated selling. The decline at the start of the new week suggests that bearish sentiment is clearly prevailing.

A break below the 1.0770-1.0810 support area would open a direct path to 1.0600-1.0670. If the fundamental background does not change by then, a break to the more fundamental support area—the 1.05 area—is possible.

By the FxPro Analyst Team

विनियम: FCA (UK), CySEC (Cyprus), SCB (The Bahamas), FSCA (South Africa)
read more
Market Update: March 6, 2025

Market Update: March 6, 2025

Financial markets exhibited a dynamic mix of gains and retreats on Thursday, March 6, 2025, driven by currency movements, commodity price shifts, and central bank signals. Here’s a breakdown of the day’s key developments:
Moneta Markets | 3 दिनों पहले
ATFX Market Outlook 5th March 2025 

ATFX Market Outlook 5th March 2025 

U.S. stocks declined on Tuesday, with the Nasdaq nearing correction territory due to President Trump's new tariffs on Canada and Mexico. The Dow fell 1.55%, the S&P 500 dropped 1.22%, and the Nasdaq decreased by 0.35%.
ATFX | 5 दिनों पहले
ATFX Market Outlook 4th March 2025 

ATFX Market Outlook 4th March 2025 

U.S. stock indices dropped sharply on Monday following Trump's announcement of 25% tariffs on Canada and Mexico, raising trade war fears. The Dow fell 1.48%, the S&P 500 declined 1.76%, and the Nasdaq dropped 2.64%. The dollar index weakened by 0.48% but gained against tariff-affected currencies, with the euro rising to 1.0468 and the yen to 150.23. Gold prices surged over 1% to $2,891.72
ATFX | 6 दिनों पहले
ATFX Market Outlook 3rd March 2025 

ATFX Market Outlook 3rd March 2025 

In January, U.S. consumer spending experienced its first decline in nearly two years, marking the largest drop in almost four years, although overall data met expectations. Despite this, U.S. stocks finished Friday higher, with the Dow Jones up 1.39%, the S&P 500 rising 1.59%, and the Nasdaq increasing by 1.63%.
ATFX | 7 दिनों पहले
ATFX Market Outlook 27th February 2025 

ATFX Market Outlook 27th February 2025 

U.S. President Donald Trump announced that new tariffs on imports from Mexico and Canada would take effect on April 2, delaying the original deadline and raising hopes for further postponement. U.S. stocks closed mostly flat, with the Dow down 0.43%, while Nvidia's strong quarterly earnings boosted the Nasdaq, which rose 0.26%.
ATFX | 11 दिनों पहले
ATFX Market Outlook 26th February 2025 

ATFX Market Outlook 26th February 2025 

Investor sentiment remains fragile, with the US Conference Board's consumer confidence index falling to 98.3 in February, marking a third consecutive month of decline. Concerns over President Trump's tariffs on imports from Mexico and Canada contribute to market unease, impacting inflation and consumer spending.
ATFX | 12 दिनों पहले