EUR/USD at 1.1395. Chinese CPI rose 2.3% in April.

EUR/USD was moving sideways during Asian session today. As of 3:00 AM EDT the pair was trading at 1.1395, which is 0.08% higher than the previous close.

Asian shares closed higher today. Below is presented the performance of major indices:

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  • Shanghai Composite closed at 2,832.59, up just 0.02%.
  • Nikkei 225 rose 2.15% finishing at 16,565.19.
  • Hang Seng closed at 20,242.68, which is 0.43% above the previous close.
  • ASX/S&P 200 increased 0.42% closing at 5,342.80.
  • India’s Sensex was trading at 25,717.61 as of 1:45 PM IST, which represents 0.11% increase from the previous close.


According to the Chinese data released today, the consumer price index rose 2.3% in April from a year earlier, which is slightly lower than the analysts’ estimate of 2.4% increase. On the other hand, the producer price index fell 3.4% in April, compared with the analysts’ forecast of 3.8% decline.

“With regards to monetary policy, we do not expect inflation to play a large part in the central bank’s thinking. Inflation prints are not too high to dissuade them from further easing if need be, and not too low to warrant loosening.” said Chester Liaw from Forecast in Singapore.

Oil prices rose at the end of the Asian hours. As of 3:45 AM EDT the WTI Crude was trading at 43.63 USD/bbl up 0.44% and Brent Crude at 44.09 USD/bbl, which is 1.05% higher than the previous close.

“Despite some significant supply disruptions, most notably in Canada, ongoing bearish fundamentals precipitated a modest retracement in prices” written in the note from Societe Generale.

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I’m a finance specialist with 4+ years of working experience, out of which 2 years as a SME relationship manager at Byblos Bank and 2 years as a Finance Director in a Food & Beverage sector. My academic background include BA in economics, MA in finance, CFA Level 1 and F1, F2, F3 level of ACCA. I’m also experienced in Forex/CFD trading and Forex/ Equity markets analysis.

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