The Eurozone Consumer Price Index (CPI) data is released by the Eurostat agency on a monthly basis. It provides insight into the inflation rate in the Eurozone, which is a crucial indicator of the overall price level and economic health of the region.
Today’s given signal: https://t.me/calendarsignal/10952
Typically, the Eurozone CPI data is released around the middle of the month. For example, in January, the data is usually released around the third week of the month. This ensures that investors and analysts have enough time to analyse the data and incorporate it into their decisions.
In addition to the monthly releases, Eurostat may also release additional data updates or revisions. These updates provide additional insights and accuracy to the CPI figures. However, the frequency of these updates may vary, depending on the nature of the revisions and the availability of data.
Inflationary Pressure:
1. Strong Inflation: When Eurozone CPI data exhibits strong inflation, it can create buying pressure on EURUSD. Inflation is an increase in the general price level of goods and services, which is driven by factors such as increased production costs, scarcity of resources, and excessive money supply. High inflation is often associated with a decrease in the value of a currency, as investors seek higher returns in more stable currencies. In this scenario, investors may sell their EURUSD holdings and purchase other currencies, increasing demand for EURUSD and driving its price higher.
2. Rapid Inflation: A sharp increase in Eurozone CPI data can create buying pressure on EURUSD. Rapid inflation suggests that prices are on the rise at an accelerated pace, raising concerns about economic stability and eroding purchasing power. Investors often perceive currencies associated with high inflation as risky and unattractive, leading to an outflow of capital from the Eurozone and increasing demand for EURUSD. As investors seek a safe haven for their funds, they buy EURUSD, pushing its price higher.
Previous released data results :
On last CPI data (1-3-2024) we predict to SELL EURUSD as for lower EURO CPI Data, price was fall.
Check last given signal : https://t.me/calendarsignal/10741
Performance :
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