
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
Don’t waste your time – keep track of how NFP affects the US dollar!
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The report will be out on Tuesday at 17:00 MT time!
Instruments to trade: EUR/USD; USD/JPY; GBP/USD; USD/CAD
The US CB consumer confidence simply shows how much money people intend to spend these days buying goods and services. The more people consume – the more products are sold. As a result, an economy prospers. Obviously, people are going to buy less and save more amid the coronavirus pandemic, especially now when the second virus wave has engulfed most of the US states. The market reaction depends on whether actual numbers exceed expectations or not. It is so good that traders have an opportunity to open both buy and sell positions. October’s report revealed that people were going to spend less than analysts expected, that’s why the USD dropped. Remember the rules below and follow the release!
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
It’s Wednesday, my fellow traders! The day is filled with news and events you need to know, and here’re some of them.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
It’s Wednesday, my fellow traders! The day is filled with news and events you need to know, and here’re some of them.
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