Today’s given signal : https://t.me/calendarsignal/9301
Introduction
This blog analyzes the impact of a reduced EURO CPI forecast on the EURUSD pair. We will explore the relationship between the Consumer Price Index (CPI) and the exchange rate. Understanding this impact is crucial for investors and traders in the foreign exchange market.
About CPI:
The Consumer Price Index (CPI) measures the average price change of a basket of goods and services over time. It is a key indicator of inflation. Changes in CPI can influence central bank policies and impact currency exchange rates. A reduced CPI forecast suggests lower inflation expectations, which may affect the value of the EURUSD pair.
Investors need to closely monitor CPI forecasts and their potential impact on the EURUSD pair. A reduced CPI forecast may lead to heightened volatility and create trading opportunities. It is crucial to consider other market factors and employ risk management strategies when navigating the currency markets.
Previous released data results
On last CPI data (29-9-2023) we predict to BUY EURUSD as for EURO CPI Data price will rise.
Check the previous blog : https://blog.forextrade1.com/due-to-eur-cpi-data-we-see-a-significant-fall-in-eurusd-really/
Check last given signal : https://t.me/calendarsignal/9125
Performance : our given signal performed 1.057 – 1.062 = 50 Pips gain
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