Investment Portfolio

Gain: 

Pulse Wallet

Gain: 

REA Learn Copy

Gain: 

Quick Tools:

Forex Today: Low US Inflation Raises Risk, Sends Dollar Crash

Forex Today: Low US Inflation Raises Risk, Sends Dollar Crash

US Consumer Price Index (CPI) data released yesterday showed an unexpected decline from an annualized rate of 3.0% to 2.9%, giving equities a moderate boost and sending the US dollar lower, testing key lows.

➡️ US inflation data released yesterday showed annualized inflation fell from 3.0% to 2.9% last month, while it was expected to remain unchanged.. This is the lowest rate in three years and the fourth consecutive month of falling US inflation. This was a small dovish surprise and makes a 0.50% rate cut more likely at the next Fed meeting in September, although a 0.25% cut is expected in 65%. This has sent stock markets higher a bit and sent the US lower with strong price action. The US dollar index is now testing key support and looks likely to experience a significant downside breakout.

➡️ In the Forex market, the Australian dollar was the strongest major currency since the Tokyo open today, while the Swiss franc was the weakestThe EUR/USD currency pair remains in focus today after making a bullish breakout yesterday to reach a 2024 high at $ 1.1050. Trend traders will be interested in going long on this currency pair.

➡️ Stock markets continued to recover after the sharp sell-off at the beginning of last week. U.S. stock indexes closed higher and continued to rise after-hours this morning, while major Asian indexes are mostly higher.

➡️ US Consumer Price Index data is expected to remain steady at an annualized rate of 3.0%A lower or higher reading will likely cause a directional move in the US dollar and US stock markets.

➡️ They came close to an all-time high, hitting $ 2,480 yesterday before selling off and closing lower. However, the precious metal has found weak supply in the final hours.

➡️ UK consumer price index data released yesterday came in slightly below expectations, with an annualised rate of just 2.2%, while expectations were for 2.3%, which suggests a decrease in inflationary pressure.

➡️ Australian unemployment data released yesterday showed an unexpected rise from 4.1% to 4.2%.

➡️ U.S. retail sales and jobless claims data will be released later today.

➡️ Today is a national holiday in France and Italy.

 

Credit by DailyForex.com

en_USEN

Investment Portfolio

Copy strategies

Find out how our strategies copy works. You can copy our strategies without costs and without risk with a demo account, and with a real account in exchange for a profit-share.

REA TradeKit

Access Advanced Tools and Strategies.

14 day money back guarantee.

Free Resources

Mentoring 1 to 1

Reavolution's 1-to-1 mentorships allow you to learn our strategies directly from our trainers.

Main Categories

Forex Calculators

Commercial Lotto Calculator

Leverage and Margin Calculator

Drawdown Calculator

Compound Interest Calculator

Pips Value Calculator in Euros

Economic Calendar