Inflation data out of France and Spain are predicted to show the absence of annualized inflationary pressures. The ECB has restarted its quantitative easing program in November, with no impact on inflation. Forex traders will also look forward to the 2019 GDP figure for Germany, which is expected to show an anemic growth rate of just 0.6% annualized. The EURUSD enjoys a strong bullish trend, how will price action be impacted following the release of today’s economic data? Today’s fundamental analysis will take a look at price action in both directions.

US inflation data is also expected to show no inflationary pressures as measured by the PPI. Yesterday’s CPI report showed inflation above the Fed’s 2.0% annual target. A regional report will be released as well, which will get more attention due to the series of disappointments in a growing number of regional reports. The Fed Beige Book will provide a final volatility event for the EURUSD, how will this currency pair react? Subscribe to the PaxForex Daily Fundamental Analysis and earn over 5,000 pips per month.