Oil markets were under great pressure amid increased demand and falling supply. OPEC+ is unable or unwilling to achieve its self-imposed production targets and insists on limiting production increases by 400,000 barrels per day despite rising prices.
Tag - inflation
Nowadays, every news resource is talking about inflation, economic articles are yelling about it. More and more people are getting confused with all the published information.
After NFP greatly exceeded expectations, the market players turn their heads to the release of US CPI, which may push the Fed to hike sooner…
The Consumer Price Index will be out at 15:30 MT (GMT+2) on Wednesday, January 12.
The United States will publish Core PCE Price Index on Thursday at 15:30 GMT+2.
The United Kingdom will publish the Inflation Rate on November 17, at 09:00 MT (GMT+2). How will it impact the markets?
EUR/USD has dropped sharply to the low unseen since July 2020. The reason was the higher-than-expected US inflation figures that shocked investors as the annual Inflation Rate rocketed to the 31-year high of 6.2%.
The US Inflation Rate (CPI) will be released on Wednesday, November 10, at 15:30 MT (GMT+2).
The performance of the British pound against other majors has grabbed a lot of attention during the last couple of weeks.
Every trader knows that economic data have a great impact on the Forex market.
This week will bring us many interesting events for traders: inflation reports from the UK, Canada, and also PMI reports from the EU, UK, and the US. It will affect almost the entire Forex market. Watch the video to get fresh trade ideas for the week ahead!
Great Britain will publish the Inflation Rate on October 20, at 09:00 MT time (GMT+3).