Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
The ECB policymakers are considering the change of the ECB inflation goal
Reportedly, the ECB is analyzing the possibility of the change of the current inflation target of "below but close to 2%". The question is whether this target is still appropriate for the current economic conditions.
On H4, the euro has fallen below the 1.1220 level and tested the support at 1.1206. The next support level lies at 1.1198. In the case of the reversal, EUR/USD will rise above the 50-period SMA to the first resistance at 1.1244. The next resistance lies at 1.1263.
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Three Currencies to Watch This Week
We prepared an outlook of major events of this week. Check it and be ready!
The Fed won't miss these releases!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
Latest news
NFP, Oil, and US Stocks Highlight This Week
Welcome to the first week of October! As usual, at the start of the week, we are looking for valuable insights that will bring us profits in trading. Let’s observe the main events.
The US Dollar Is Correcting
Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?
Bearish Signal For The USD
XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!
