Today’s given signal : https://t.me/calendarsignal/9665
The CPI measures the average change over time in the prices paid by consumers for a basket of goods. It reflects the purchasing power of a currency and is a vital factor in monetary policy decisions.
EURUSD Pair Dynamics
The EURUSD pair is one of the most widely traded currency pairs in the world. It is influenced by various factors, including economic indicators such as the CPI, as well as geopolitical events and market sentiment.
Impact of CPI on EURUSD
A higher-than-expected CPI can lead to selling pressure on the EURUSD pair as it raises concerns about inflation and potential monetary tightening. Conversely, a lower-than-expected CPI may alleviate selling pressure.
Selling pressure on the EURUSD pair can result from a combination of factors, including CPI data, interest rate differentials, and global economic conditions. Understanding these dynamics is crucial for traders and investors.
Previous released data results :
On last CPI data (31-10-2023) we predict to SELL EURUSD as for bad CPI Data was created selling pressure on EUR.
Check the previous blog : https://blog.forextrade1.com/impact-of-euro-cpi-data-today-31-10-2023/
Check last given signal : https://t.me/calendarsignal/9463
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