All creeping back into the 0.3 to 0.4% positives MoM

  • Germany Nov CPI Hesse M/M: +0.4% v -0.2% prior; Y/Y: 2.0% v 1.6% prior
  • Germany Nov CPI Brandenburg M/M: +0.4% v -0.1% prior; Y/Y: 1.6% v 1.3% prior
  •  Germany Nov CPI Bavaria M/M: 0.4% v -0.1% prior; Y/Y: 1.8% v 1.5% prior
  • GERMANY NOV CPI SAXONY M/M: 0.3% V 0.0% PRIOR; Y/Y: 2.0% V 1.8% PRIOR

These regional CPI’s will keep rolling in, rarely with any major disruption, hence we expect all of them to recover from negative readings. I’ll range trade EURUSD accordingly with a buy the
1.1850/60 dips for 1.1895-1.1920 till US numbers later today

*In the meantime :German Bundesbank Financial Stability Report: Resilience for banking sector good overall; strong economic picture might masks financial risks
– Risks from home loans appear to be limited
– Risks from residential property financing are still limited

 

K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

Read how Koen got into trading here
K-man

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