EURUSD Ahead of the US CPI Data

15 בינו׳

EURUSD Ahead of the US CPI Data

Yesterday, the US PPI final data for December showed 0.2% versus a 0.3% estimate, and YoY 3.3% vs. 3.4% estimate.

This data created slight weakness for the USD, as the market anticipates the FED may cut rates more than once this year.

Today, we await the CPI data, another important event for the US Dollar.
If the data is lower than expectations, we may see the EURUSD moving up further and the USD becoming weaker, which could help the EURUSD rise.

If the CPI data aligns with or exceeds expectations, the USD may remain strong but not excessively. The market may await further moves from Trump before establishing a new trend.

Consumer Price Index (YoY) (Dec) Expected: 2.9% vs. 2.7% the previous month

Consumer Price Index ex Food & Energy (YoY) (Dec) Expected: 3.3% vs. 3.3% the previous month

You may find more details in the chart!
Thank you and Good Luck!

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15 בינו׳

עסקה פעילה

🚨The US CPI data are showing a mixed picture overall with a slow down in the Consumer Price Index ex Food & Energy (YoY) (Dec) Trade Now

US CPI YoY for December 2.9% versus 2.9% estimate. MoM 0.4% versus 0.3% estimate

🚨USD looks weaker as expected after the data