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The US will release headline and core CPI at 15:30 MT time on October 11. CPI stands for Consumer Price Index. It’s one of the main measures of the US inflation. There’s a direct link between the US inflation and the price of the USD. The higher the inflation, the higher the USD in the short-term.The last time, American CPI rose less than expected (0.2% versus the forecast of 0.3%). The data release was on September 13. The USD declined versus many major currencies after the release.
• If the data is greater than the forecast, the USD will rise.
• If the data is weaker than the forecast, the USD will go down.
The risk sentiment remains under pressure after the comments by China about the countermeasures against the US tariffs. Thus, the AUD/USD and the USD/JPY pairs will be under our attention.
During the European trading session, both the US and the UK yield curves inverted.
Levels for Wednesday's trading
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.
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