Hello traders ...
US consumer inflation data will be released on Tuesday and US producer inflation figures will follow on Wednesday.
Meanwhile, the Federal Reserve, the European Central Bank, and the Bank of England, among others, will decide on monetary policy later this week, where they are expected to challenge bets for rate cuts early next year.
Data from November showed that nearly 200 thousand jobs were added to the US economy, firmly above market expectations of a 180 thousand net gain and the unemployment rate unexpectedly retreated.
Elsewhere, Bloomberg reported that Bank of Japan officials don't feel compelled to swiftly implement policy tightening unless there's substantial evidence of wage growth capable of backing sustainable inflation.
Traders are pricing in a 71% chance of an interest rate cut in May, according to the CME FedWatch tool. Lower interest rates tend to support non-interest-bearing bullion.
take care and be away from the market during the news.
CPI (Expectations)
Releasing More Than 3.1%
> U.S.Dollar ---> Positive
> INDICES ---> Negative
> Commodities ---> Negative
Releasing Less Than 3.1%
> U.S.Dollar ---> Negative
> INDICES ---> Positive
> Commodities ---> Positive
US consumer inflation data will be released on Tuesday and US producer inflation figures will follow on Wednesday.
Meanwhile, the Federal Reserve, the European Central Bank, and the Bank of England, among others, will decide on monetary policy later this week, where they are expected to challenge bets for rate cuts early next year.
Data from November showed that nearly 200 thousand jobs were added to the US economy, firmly above market expectations of a 180 thousand net gain and the unemployment rate unexpectedly retreated.
Elsewhere, Bloomberg reported that Bank of Japan officials don't feel compelled to swiftly implement policy tightening unless there's substantial evidence of wage growth capable of backing sustainable inflation.
Traders are pricing in a 71% chance of an interest rate cut in May, according to the CME FedWatch tool. Lower interest rates tend to support non-interest-bearing bullion.
take care and be away from the market during the news.
CPI (Expectations)
Releasing More Than 3.1%
> U.S.Dollar ---> Positive
> INDICES ---> Negative
> Commodities ---> Negative
Releasing Less Than 3.1%
> U.S.Dollar ---> Negative
> INDICES ---> Positive
> Commodities ---> Positive
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t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
