German consumer price inflation accelerated in March
2018-04-13 07:26 am | Resource: NEWS | No Views : 128
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 sideway direction in the near term The USDJPY still faces resistance around the 112.90 level In view of the technical indicators Both the RSI and the Stochastic are indicating to the arrival of indicators in the overbought area Accordingly, we expect that the USDJPY will retreat to 112.19 The alternative scenario is that the USDJPY breach…
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