Dear ,

As requested, let’s look at EURUSD and the recent events that happened in the previous trading session.

EURUSD Analysis

Performance after Tuesday
Period Pct Chg Momentum
Tuesday -0.21% -22.5 Pips
Week to-date -0.65% -70.9 Pips
October -3.04% -338.9 Pips
Upcoming key events (London Time)

No major events for the day.

What happened lately

In Germany, new data from the Federal Statistical Office (Destatis) indicates a further decline in the Producer Prices Index (PPI) for September. The yearly PPI dropped to -1.4% from the previous month’s -0.8%, while the monthly PPI recorded a descent from 0.2% in August to -0.5% in September. This consecutive decline in producer prices reflects persistent deflationary pressures within the German economy. A decrease in PPI generally suggests weaker production demand and lower costs for manufacturers, potentially leading to reduced consumer prices if manufacturers choose to pass on these lower costs. Such trends might indicate broader economic challenges including potential slowdowns in industrial demand or supply chain adjustments.