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Euro area inflation figure for March is due today

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 31, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Market Movers Euro area inflation figure for March is due today and we expect it to remain in deflation territory. This should occur because the drag from energy price inflation is set to go up despite the higher oil price. This is caused by the oil price being at a higher level last year, hence taking the yearly inflation rate lower. Core inflation will also be in focus after it declined to 0.8% in February from 1.0% in January. We look for higher core inflation in March as the early timing

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