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Germanys consumer price inflation held steady in April

2018-05-16 07:50 am | Resource: NEWS | No Views : 36


 

Germany's consumer price inflation held steady in April, as previously estimated, final data from Destatis showed Wednesday.

Consumer prices climbed 1.6 percent year-on-year in April, the same rate of increase as seen in March and in line with the estimate released on April 30.

On a month-on-month basis, the consumer price index remained unchanged in April, after rising 0.4 percent in March. The provisional estimate was confirmed.

Energy prices gained 1.3 percent on year in April. Excluding energy, inflation was 1.6 percent.

The harmonized index of consumer prices, the HICP, increased 1.4 percent annually, as estimated, slightly slower than the 1.5 percent rise in March. On a monthly basis, the index fell 0.1 percent as estimated



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USDJPY Technical analysis 24 May 2018

Time frame Used - four hours   The USDJPY is moving in a bearish direction in the near term    The USDJPY was able to control the USDJPY move to the support level of  109.49, forming a double bottom   In view of the technical indicators Both the RSI and the Stochastic are indicating the arrival of indicators to the oversold area Accordingly, we expect that  the USDJPY will  test levels…

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