The rate in the euro zone returned to zero in April . According to preliminary estimates, it rose from -0.1% in March to 0.0%. The main reason was the food price trend. The rate without energy, food, drink and tobacco stuck at 0.6%. Although the rate has climbed significantly since its low in January (-0.6%), the ECB will continue its asset purchase programme on the same scale.
• EURUSD CLIMBED ON THE RATE AND US GDP LARGELY BELOW THE FORECAST
• 10 YEARS BUND RATE HAS INCREASED OF 20 BP IN 2 DAYS FROM 0.16% TO 0.36%
TECHNICALLY EURUSD HAS BROKEN A CHANNEL AND COULD GO TO 1.1532 AS TARGET
HOWEVER YOU HAVE MANY RESISTANCE