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German import prices rose strongly in January, reflecting the strongest monthly jump since January last year. But compared to the same month a year ago, import prices are seen down 2.3%. Once again, that is largely due to a drag in energy prices – down by over 21% in that period. If you strip that out, import prices were actually up 0.1% year-on-year instead.Looking at the breakdown for the month though, we can see the changes as per the following:Capital goods +0.4%Intermediate goods +2.2%Durable consumer goods +0.4%Non-durable consumer goods -0.4%Energy prices +3.5%; of which electricity +16.6%, crude oil +4.1%, petroleum products +0.7%
This article was written by Justin Low at investinglive.com.
đź’ˇ DMK Insight
German import prices surged in January, but here’s why that matters for traders: The 2.3% year-over-year decline in import prices, despite the monthly spike, signals potential volatility in European markets. The significant drop in energy prices, over 21%, is a double-edged sword; while it eases inflationary pressures, it could also indicate weakening demand. Traders should keep an eye on how these trends affect the Euro and related assets like commodities. If energy prices stabilize or rise, it could shift the narrative, impacting inflation expectations and central bank policies. Watch for key levels in the Euro against the USD, especially around recent support and resistance zones, as these import price dynamics unfold. The immediate focus should be on how the market reacts in the coming weeks, particularly with upcoming economic indicators that could further influence sentiment and trading strategies.
đź“® Takeaway
Monitor the Euro’s performance against the USD closely; a shift in energy prices could trigger significant market moves in the coming weeks.
