Euro's move down over German CPI data shows that expectations for further easing by European Central Bank is clearly building up, which might dominate Euro over the coming weeks and months.
- Preliminary reading showed that German CPI was down -0.2% in September and posting zero inflation on yearly basis in September.
Euro dropped sharply to trade as low as 1.119 against Dollar. However as of now recovered from there to trade at 1.123.
Focus in on December or early next year, when ECB might ramp up its asset purchase program, as market participants are convinced that current QE unlikely to bring inflation back. ECB's own projection shows disappointments over current QE program as downside risks increased with Chinese slowdown and devaluation of Yuan.
Rapid slowdown in China might prompt the ECB to pull the trigger early, however there is a growing risk that it would further intensify the currency war.


Silver Cracks Key 365-Day EMA for First Time Since Feb 2024; Bears Eye $50 on Rallies
Gold's 365-Day EMA Streak Since Oct 2023 Faces Its First Real Test at $3,980 — Break or Bounce to $4,140?
Gold Surges Above Key EMAs, Bulls Eye Resistance Amidst Bullish Momentum
Should I take zinc or eat oysters to ward off colds, boost my immune system or improve fertility?
Despite its best efforts, Iran won’t be able to toll the Strait of Hormuz. Here’s why
Europe Heatwave Creates Growth Opportunity for Carrier, Trane, and Johnson Controls, Citi Says
A Korean Family Spent 34 Years Hoarding Chinese Tea. Now They're Putting It on the Blockchain.
Economic pessimism has set in – but there are reasons for Australians to be hopeful 



