HomeContributorsTechnical AnalysisGerman Producer Prices Rise In January

German Producer Prices Rise In January

Producer prices in Germany grew 0.2% on the year in January. This reverses the 0.2% decline in December.

The gains came on a 3.6% increase in durable consumer goods. On a month over month basis, producer prices were up 0.8% after a 0.1% increase in the previous month.

Is the EUR/USD Showing Signs of Bottoming?

The common currency is trading a bit weaker, but the momentum is clearly slowing. Price action remains anchored to the lows at 1.0790 for the past three sessions.

There is a modest increase in the Stochastics oscillator, but this exposes the risk of a bearish bias. A close below 1.0790 will accelerate declines to 1.0724.

Orbex
Orbexhttp://www.orbex.com/en/agent/cl/ccc678cb86b9
At Orbex, we are dedicated to serving our clients responsibly with the latest innovations in forex tools and resources to assist you in trading.

Featured Analysis

Learn Forex Trading