
Geopolitical factors and inflation remain the main drivers of financial markets. Let’s see how to use that in trading!
Great Britain will publish the Inflation Rate on October 20, at 09:00 MT time (GMT+3). This is a very important indicator that shows the change in the price of goods and services purchased by consumers during the previous month.
The inflation figures are very important. Based on their growth, the central bank of a country decides whether or not it needs to raise the interest rate. Therefore, the domestic currency rises as well.
In the picture below, you can see how bigger-than-expected CPI affected the performance of GBP/USD. The pair surged significantly.
It’s easy! Just compare the actual British Inflation Rate with the market forecast, which appears a few days before the report in the economic calendar.
Instruments to trade: GBP/USD, GBP/JPY, EUR/GBP
Geopolitical factors and inflation remain the main drivers of financial markets. Let’s see how to use that in trading!
All eyes are turning to the Federal Reserve and the US dollar. How to trade XAU/USD, EUR/USD, and GBP/USD?
Great Britain will publish its trade balance for April on June 11, at 09:00 MT time.
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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