Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
American inflation data will drive the USD.
Information is not investment advice
The US will release the levels of CPI and core CPI at 14:30 MT time.
CPI is an important indicator, which accounts for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the Fed to raise interest rates. Last month CPI remained flat, which was lower than the analysts’ expectations. As for the core level of CPI (measure that excludes food and energy process), it came out in line with the forecast. If this time the figures are higher, than the expectations, the USD will get positive momentum.
• If the indicators are higher than the forecast, the USD will rise;
• If the indicators are lower than the forecast, the USD will fall.
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Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
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