Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Will inflation push the greenback higher?
Information is not investment advice
What will happen?
The United States will publish a monthly Inflation Rate and Core Inflation Rate on May 12, at 15:30 MT time. The Inflation rate measures the change in the price of goods and services. The core indicator is different as it does not include food and energy prices. The Federal Reserve pays particular attention to these indicators because a rise in inflation pushes the regulator towards monetary policy tightening. As a result, the US dollar goes higher.
How to trade on the releases of Inflation and Core Inflation?
Nothing can be easier! Pay attention to the forecasts in the economic calendar and trade in the right direction right after the release.
- If the indicators are higher than the forecasts, the USD will go higher;
- On the other hand, the USD will weaken against other currencies.
Instruments to trade: EUR/USD, GBP/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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