Don’t waste your time – keep track of how NFP affects the US dollar!
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The US CPI and Core CPI will be out on February 10 at 15:30 MT time. The consumer price index (CPI) shows the change in the price of goods and services purchased by consumers. There are two types of CPI: headline and core. The only difference is that the core indicator excludes food and energy prices due to their volatility.
Traders follow this indicator as the consumer prices account for a majority of overall inflation. The rise of inflation is important for the US dollar. Based on its level, the central bank decides about further monetary policy actions. If the CPI is higher, it is more likely that the Fed will raise interest rates, which will push the USD up.
Instruments to trade: EUR/USD, GBP/USD, AUD/USD, USD/CAD
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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