Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Is the American economy cooling down?
Information is not investment advice
US Core CPI will be released this Friday at 15:30 MT time.
Instruments to trade: EUR/USD, USD/JPY, USD/CAD, GBP/USD
The US Core Consumer Price Index has been increasing at a steady 2.3% rate since October, with the only exception of 2.4% in February. On Friday, March inflation will be announced. The consensus for the upcoming figure is 2.3%. In general, the market will be happy if the inflation stays roughly where it is now – that would mean that no significant slump in consumer spending took place. Taking into account the troublesome state of the US economy, that would be the best scenario. If inflation turns out to be lower, that would mean that people spend less, demand less, hence the sellers will have to lower prices. Therefore, the overall economic activity would slow down its pace in this case. Given the fears of recession or even depression, a 2.3% growth of Core CPI in March would probably be the best possible news.
- If inflation is lower than expected, the USD will lose value.
- Otherwise, the USD will gain power.
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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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