Pay attention to the news from the UK and Italy
Get ready to trade the USD on the inflation data.
The US will release monthly consumer price index figures (CPI) for October at 15:30 MT time on November 14.
This indicator is important as this is the base for the Federal Reserve future monetary policy decisions. Last month the inflation rate declined by 0.1% and made the USD weak. The higher-than-expected level will be appreciated by the market, so the USD will get a chance to strengthen.
• If CPI outperforms the forecast, the USD will rise.
• If CPI is lower than the forecast, the USD will fall.
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.