Trading the News: U.S. Consumer Price Index (CPI) Despite forecasts for a downtick in the U.S. Consumer Price Index (CPI), stickiness in the core rate of inflation may boost the appeal of the greenback and spark a near-term pullback in EUR/USD as it puts pressure on the Federal Reserve to raise the benchmark interest rate sooner rather than later. What’s Expected: Why Is This Event Important: ...
Trading the News: Canada Consumer Price Index (CPI) Another downtick in Canada’s headline & core Consumer Price Index (CPI) may push USD/CAD to fresh weekly highs as it puts pressure on the Bank of Canada (BoC) to further embark on its easing cycle. What’s Expected: Why Is This Event Important: Even though BoC Governor Stephen Poloz largely endorses a wait-and-see approach for monetary policy, ...
Trading the News: U.K. Consumer Price Index (CPI) GBP/USD may stage a larger recovery over the next 24-hours of trading as market participants forecast the headline & core U.K. Consumer Price Index (CPI) to uptick in July. Indeed, signs of stronger inflation may undermine expectations for a material shift in the monetary policy outlook amid the rift within the Bank of England (BoE). What’s Expected: Why Is ...
Trading the News: Canada Consumer Price Index (CPI) A slowdown in Canada’s headline & core Consumer Price Index (CPI) may drag on the loonie and fuel the near-term advance in USD/CAD as it puts pressure on the Bank of Canada (BoC) to further support the real economy. What’s Expected: Why Is This Event Important: Even though BoC Governor Stephen Poloz sticks to the sidelines in 2016 and largely ...
Trading the News: U.S. Consumer Price Index (CPI) Even though the U.S. Consumer Price Index (CPI) is expected to hold steady at an annualized 1.1% in May, an uptick in the core rate of inflation may prop up the greenback and spark a near-term pullback in EUR/USD as it puts greater pressure on the Federal Open Market Committee (FOMC) to further normalize monetary policy sooner rather than later. What’s Expected: ...
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