Daily News | Important shifts in Germany

We are at the start of another exciting week of global trading action. You do not want to miss out on all the economic changes that will have an impact on the currency market. We will be looking at the most important shifts, starting with the ones that will affect the euro because the German economy will play an important role this Monday. Both versions of the Import Price Index, measuring the price changes of all goods imported by Germany, will experience a drop. Not only that, but the German Consumer Price Index, which measures the average price change of everything households buy for consumption purposes, is expected to experience a drop today, too. The same can even be said for the Harmonised Index of Consumer Prices, so we have to conclude that the euro will most likely have a bearish day today, since Germany is one of the leading economies of the Eurozone. This is a continuation of a trend that was started on last week’s Friday. In other news, we will take a quick look at the Japanese yen. The most important shifts for the yen will happen with the Overall Household Spending index, and it appears that it will rise, which could positively influence the yen, leading to a bullish Monday.

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