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The oil price has historically explained around 50%

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Market Movers Euro area flash HICP inflation will be in focus today and we expect it to decline back to deflation territory due mainly to the lower oil price. Despite the increase in the oil price since mid-January this year, it is still much lower than in February 2015, thereby giving a yearly drag from energy to inflation. The oil price has historically explained around 50% of the monthly variation in inflation. German retail sales for January are released and we expect a moderate monthly

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