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Eurozone CPI at -0.1% in March

Thursday, Mar 31 2016
Euro area annual inflation is expected to be -0.1% in March 2016, up from -0.2% in February, according to a flash
estimate from Eurostat, the statistical office of the European Union. This was in line with market expectations.
Looking at the main components of euro area inflation, services is expected to have the highest annual rate in March (1.3%, compared with 0.9% in February), followed by food, alcohol & tobacco (0.7%, compared with 0.6% in
February), non-energy industrial goods (0.5% compared with 0.7% in February) and energy (-8.7%, compared with -8.1% in February).
 
Euro is currently being traded few points below 1.1350 level. Pair is likely to find support around 1.13 handle and resistance above 1.1380 level. Later today, in the US session Unemployment Claims and Chicago PMI figures are scheduled for a release. 
More in this category: « UK Current Account deficit widen to £32.7 billion in Q4 Unemployment Claims increased to 276,000 »

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