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January 6th - If data shows German inflation slowing in December as expected, the euro is unlikely to experience substantial volatility, Francesco Pesole of ING Group noted in a report. The firm expects German inflation to fall to 2.1% in December from 2.3% in November. Pesole stated that market expectations remain aligned with those of European Central Bank policymakers (such as Schnabel), who have clearly indicated that further interest rate cuts are unlikely in the foreseeable future. "Unless there is a significant revision to economic growth expectations, the downward trend in inflation may need to be quite substantial for the market to seriously reconsider the possibility of interest rate cuts in 2026," he said. He believes the euros performance continues to be driven by the dollars performance.The draft statement of the "Voluntary Coalition" states that related safeguards will include the formation of a multinational force to support the reconstruction of the Ukrainian army and enhance its deterrent capabilities.The draft statement of the "Voluntary Union" states that the agreement will include a binding commitment to provide support to Ukraine in the event of a future armed attack by Russia in order to restore peace.The draft statement of the "Voluntary Coalition" states that its members agree to continue providing critical long-term military assistance and weapons to Ukrainian forces, with U.S. support.The German Federal Motor Transport Authority (BDA) reported that Teslas (TSLA.O) new car sales in Germany fell 48% in December to 2,032 units.

Trading Strategies

Just starting out? Begin your trading education with our Foundational Trading Knowledge course. Learn about a variety of markets like foreign exchange, commodities and equities and how they operate. Discover the right trading style for you and get to grips with key trading processes and market psychology.

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