
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
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
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
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Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!