Trading the News: U.K. Consumer Price Index A further slowdown in the U.K. Consumer Price Index (CPI) may generate a near-term pullback in GBP/USD as it puts increased pressure on the Bank of England (BoE) to retain its current policy throughout 2015. What’s Expected: Why Is This Event Important: However, the stickiness in the core rate of inflation may limit the downside risk for ...
Trading the News: U.S. Consumer Price Index (CPI) A rebound in the headline U.S. Consumer Price Index (CPI) may boost the appeal of the greenback and spur a near-term pullback in EUR/USD as it puts increased pressure on the Fed to normalize monetary policy sooner rather than later. What’s Expected: Why Is This Event Important: Signs of stronger price growth may keep the Fed on course to raise ...
Trading the News: U.K. Consumer Price Index An uptick in the headline & core U.K. Consumer Price Index (CPI) may spur fresh monthly highs in GBP/USD as it raises the Bank of England’s (BoE) scope to remove the record-low interest rate sooner rather than later. What’s Expected: Why Is This Event Important: BoE Governor Mark Carney may sound increasingly hawkish over the coming months as the ...
- Canada Consumer Price Index (CPI) to Slip Below 2% Target for First Time Since March 2014. - Core Inflation to Uptick to Annualized 2.3%- Highest Print for 2014. Trading the News: Canada Consumer Price Index (CPI) A slowdown in Canada’s Consumer Price Index (CPI) may spur fresh monthly highs in USD/CAD especially as the Bank of Canada (BoC) reverts back to its easing cycle. What’s Expected: ...
Reflecting another sharp drop in energy prices, the Labor Department released a report on Friday showing that U.S. consumer prices saw their biggest drop in six years in the month of December. The Labor Department said its consumer price index fell by 0.4 percent in December following a 0.3 percent decrease in November. While the drop in prices came in line with economist estimates, it reflected the biggest monthly decrease since ...
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