USD Moves Weird Ahead of CPI
The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.
Volatility for the EUR is coming
Information is not investment advice
What will happen?
Eurozone, France, and Germany will publish the flash services and manufacturing PMIs on February 19, from 10:15 to 11:00 MT time. These indicators represent indexes based on the surveys of purchasing managers from a particular industry. Combined, they provide a big boost in the volatility of the EUR during the early hours of the European trading session.
How to trade on the European PMIs?
The indicators provide a broad view of businesses' thoughts on current economic conditions. If an index is above 50, it indicates an expansion of an industry. Vice versa, if an index lower than 50, the industry is contracting. Additionally to these measures, we compare the actual data with analytical forecasts.
- If the figures are higher than the forecasts, the EUR will strengthen.
- If the figures are lower than expected, the EUR will slide.
Instruments to trade: EUR/USD, EUR/GBP, EUR/CHF
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USD Moves Weird Ahead of CPI
The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.
The NFP Release: One More Punch for USD?
The United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on August 5, 15:30 GMT+3.
The UK Speeds Up Tightening
The Bank of England (BoE) will share its Official Bank Rate and make a statement on monetary policy on August 4, 14:00 GMT+3.
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