Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
United States CPI results will move the dollar!
Information is not investment advice
United States CPI results will move the dollar!
United States’ Bureau of Labor Statistics will release monthly CPI and core CPI on September 14, 15:30 GMT+3.
What will happen?
United States’ Bureau of Labor Statistics will release monthly CPI and core CPI on September 14, 15:30 GMT+3. The Consumer Price Index measures the average change in prices that consumers pay for a basket of goods and services. The CPI statistics cover a variety of individuals with different incomes, including retirees, but does not include certain populations, such as patients of mental hospitals.
Why is it important?
Investors, traders, banks, and governments are watching CPI data because it is the most widely used measure of inflation. If the inflation rate is high (or higher than expected), banks will probably raise interest rates in order to slow inflation. Almost every release of CPI has been accompanied by massive movements in USD-related assets and USD currency pairs.
June saw an unusually high MoM CPI data and it has caused a surge in USD.
How to trade on the CPI data?
Due to the importance of CPI data, it may influence all USD pairs greatly. Furthermore, you can watch after other events related to USD and combine them to catch an even greater price movement.
- If actual numbers will beat expectations – USD will rise.
- Otherwise, fall.
Check the economic calendar
Instruments to trade: EUR/USD, GBP/USD, NZD/USD, USD/JPY.
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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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