German Flash HICP expected to decelerate to 0.8% Y/Y in July - TD Securities

By FXstreet.com | July 30, 2014 AAA

FXStreet (Łódź) - Annette Beacher, Head of Asia-Pacific Research at TD Securities predicts that year-on-year German HICP, due out later today, will slow down to 0.8/5 from 1% in July, although there are upside risks.

Key quotes



“Energy base effects should be the principal driver, but pump prices were still up on the month and may slightly moderate the impact.”



“With the ECB clearly in wait-and-see mode into year-end with TLTROs and the AQR to come, this small surprise should do nothing to change the policy biases, and we are cautious about our upside risk as inflation surprises have been absent for quite some time.”



“But we would also warn that even with the upside risks for Germany, we see the risks to the downside for Eurozone Flash HICP tomorrow.”



comments powered by Disqus
Related Forex Analysis
  1. Weekly Trading Forecast: FX Traders Prepare for Heavy Volatility on FOMC, GDP and ...
    Forex News

    Weekly Trading Forecast: FX Traders Prepare for Heavy Volatility on FOMC, GDP and ...

  2. Trading Video: EURUSD Traders Buckle Up for FOMC, ECB Stress Tests, Risk Trends
    Forex News

    Trading Video: EURUSD Traders Buckle Up for FOMC, ECB Stress Tests, Risk Trends

  3. US Session recap: USD consolidation ahead of FOMC
    Forex News

    US Session recap: USD consolidation ahead of FOMC

  4. A market in a technical snap-shot - RBS
    Forex News

    A market in a technical snap-shot - RBS

  5. EZ gave mixed data at key timings - BBH
    Forex News

    EZ gave mixed data at key timings - BBH

Trading Center