empty
 
 
12.05.2020: Forex Analysis & Reviews: Inflation in US is likely to be better than expected. Euro and pound expected to remain under pressure

Today the most important news will be the report on inflation in the United States, which may turn out to be better than economists' forecasts. As a result, the euro and the British pound are likely to rise. If the data shows the first deflationary signs, the demand for the US dollar will probably only increase.

Signals for the EUR/USD pair:

The euro can increase to 1.0873 and 1.0923, if there is a breakthrough at 1.0819.

A breakthrough at 1.0771 can lead to a sell-off of the euro to 1.0728 and 1.0636.

Signals for theGBP/USD pair:

If the pair breaks through at 1.2358, the British pound can rise to 1.2425 and 1.2463.

A breakthrough at 1.2290 can lead to a sell-off of the British pound to 1.2250 and 1.2211.

Fundamental data:

  • US Consumer Price Index
  • The Federal Reserve officials are to deliver their speech.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2024
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
现在无法通话?
提出您的问题,用 在线帮助.
Widget callback