A Special Focus On U.K Consumer Inflation & German ZEW Economic Sentiment !

Forex 123564

The U.K will report on consumer price inflation. (Year-Over-Year) today at 08:30 GMT.

Data is expected to remain unchanged as the previous month 2.3%, we have 2 scenarios:

  • A reading below 2.3% could mean a return to the 1.2365 levels.
  • A reading above 2.3% may expose the 1.2428 levels and open main resistance 1.2477 before the next falling (selling opportunity).

30 minutes later, Germany will release a report on its ZEW Economic Sentiment for April.

Analysts expect a rise to 14.00 from 12.8 a month earlier, however; we have 2 scenarios for today:

  • A reading below 12.8 could mean a return to the 1.0569 level.
  • A reading above 12.8 (above 14.0 is better) may expose the 1.0606 levels and turn the focus on the 1.0653 levels before the next falling…

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