Friday Trades: EUR/USD, USD/JPY, and Gold
The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
Euro Area’s CPI Flash Estimate
| Euro area’s annual inflation was 1.3% in July 2017, stable compared with June. Although this reading seems to be much higher than 0.2%, which was recorded a year ago, there’s still a growing unease that inflation remains inexplicably low. |
| As the European Central Bank is getting closer to exit from its excessive monetary stimulus program, inflation figures from the euro zone will become even more important than before. CPI growth has to increase for the ECB to start reducing stimulus and for the EUR to keep gaining. That’s why you need to pay great attention to the region’s CPI release at 12:00 MT time on September 29. There will be trading opportunities for the EUR. |
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