Dear ,
As requested, let’s look at EURUSD and the recent events that happened in the previous trading session.
EURUSD Analysis
Performance after Monday
Period Pct Chg Momentum
Monday -0.47% -51.6 Pips
Week to-date -0.49% -52.8 Pips
October -2.88% -321 Pips
Upcoming key events (London Time)
No major events for the day.
What happened lately
In Germany, the Producer Prices Index (PPI) saw a notable downturn. Over a twelve-month timeframe, the index declined to -1.4% in September, following a smaller decrease of -0.8% in August. This marks a significant year-on-year reduction in producer prices, suggesting that the cost pressures faced by producers in Germany are easing further. Additionally, on a month-to-month basis, the PPI also fell to -0.5% in September, compared to an increase of 0.2% in the previous month. This decrement in the short-term PPI complements the broader annual decline, highlighting a continued trend of decreasing wholesale price levels in the German market. The data from the Federal Statistical Office, Destatis, reflects changing economic dynamics, potentially as a response to lower demand pressures or adjustments in production costs.
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