German consumer price inflation accelerated in March
2018-04-13 07:26 am | Resource: NEWS | No Views : 261
ermany's consumer price inflation accelerated in March, as initially estimated, final data from Destatis showed Friday.
Inflation rose to 1.6 percent from 1.4 percent in February. The rate came in line with the flash estimate published on March 29.
Similarly, inflation, based on the harmonized index of consumer prices, increased to 1.5 percent, as estimated, from 1.2 percent in February.
On a monthly basis, the consumer price index gained 0.4 percent, slower than the 0.5 percent increase a month ago. This was the second consecutive rise in prices.
The HICP also rose 0.4 percent in March. Both CPI and HICP figures matched preliminary estimate.
Time frame Used - four hours The USDJPY is moving in a bullish direction in the near term. The USDJPY faced resistance and selling pressure nearly of the resistance level of 113.58 to retract to the support level 113.20 Then start to bounce back again. In view of the technical indicators Both the RSI and the Stochastic are indicating signs of recovery. Therefore, we expect that the USDJPY will test…
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