The $EURUSD continued its consolidation mode as investors waited for the upcoming US and German consumer inflation data.
Enter your emailBecause of the bearish flag pattern, there is a possibility that the pair will continue the bearish trend that paused last week. Timeline: 1-2 days.continued its consolidation mode as investors waited for the upcoming US and German consumer inflation data.
Therefore, investors will focus on the latest inflation numbers that will be published today. Economists expect the data to show that the headline consumer price index rose from 7.3% in March to 7.4% in April. On a month-on-month basis, they expect that inflation dropped from 2.5% to 0.8%. If analysts are accurate, these numbers will send a signal that the European and American inflation is reaching its peak. In fact, a quick look at the commodities market shows that most of them have started to stabilize in the past few weeks. Copper has dropped to the lowest level in eight months while crude oil and natural gas prices have stabilized recently.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
EUR/USD Forex Signal: Bearish Flag Patterns Slowly FormsThe EUR/USD is stuck close to the lowest level this year as investors focused on the interest rate decision by the Federal Reserve and the average US jobs data.
Lire la suite »
GBP/USD Forex Signal: Drop to 1.2200 LikelyThe GBP/USD pair dropped to a multi-year low last week after the dovish rate hike by the Bank of England (BOE).
Lire la suite »
EUR/USD Price Analysis: redistribution taking shape?As per the prior analysis, EUR/USD Price Analysis: Accumulation kicking in, or just a respite on the way to test 1.0340, EUR/USD remains in a consolid
Lire la suite »
AUD/USD Forex Signal: Rebounding from 18-Month Low$AUDUSD Forex Signal: Rebounding from 18-Month Low
Lire la suite »
GBP/USD Forex Signal: Sterling Next Support at 1.2200The GBP/USD pair attempted to crawl back during the American session as the US dollar continued strengthening.
Lire la suite »
AUD/USD Forex Signal: More Downside for AussieThe AUD/USD pair is hovering near the lowest level in February this year as market participants focus on the recent RBA and Fed decisions.
Lire la suite »