Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
Will the USD be supported?
Information is not investment advice
The United States will publish the level of its CPI and core CPI on May 10, at 15:30 MT time.
The consumer price index represents an important part of the overall inflation of the country. According to the forecasts, the headline consumer inflation will advance by 0.4%. At the same time, its core level is expected to increase by 0.2%. As usual, higher figures will boost the USD.
• If the indicators are greater than the forecasts, the USD will rise;
• If the indicators are lower than the forecasts, the USD will fall.
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
Congratulations! Gold has just opened a new era... or, rather, reopened...
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.