What is German Producer Price Index in Forex Trading?

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German Producer Price Index measures the modification in price of goods and services sold by producers and manufactures in whole sale market during the given period of time. It is strong indicator for Euro-zone traders. Reading higher than expected taken as positive/bullish while lower than expected indicate negative/bearish market trend.

German Producer Price Index increased to 105.30 points in January 2020 as compare to December 2019, 104.5 points. Data is released on monthly basis near 20th of every month at 6:00 GMT by Federal Statistical Office Germany.

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