Market Insight

This is LCG’s daily Market Snapshot. Our Senior Market Analyst Jasper Lawler offers a concise analysis of one of the day’s key themes or events and how it could affect the charts of an asset within the stock, forex, indices or commodities market.

Eurozone consumer price inflation (CPI) hit 1.8% in January, just shy of the European Central Bank’s target of 2%. The ECB arguably tapered its QE program in December; this data would suggest it may need to taper again in 2017 and put upward pressure on the euro.

The information and comments provided herein under no circumstances are to be considered an offer or solicitation to invest and nothing herein should be construed as investment advice. The information provided is believed to be accurate at the date the information is produced. Losses can exceed deposits.