The release of the Consumer Price Index (CPI) is approaching, and we wanted to reach out to make sure you're ready for this highly anticipated event.
What to expect from this month's CPI
Here are a few things to consider when trading this month's CPI:
Annual headline inflation in the USA for April was 3.5%, higher than the consensus as widely expected; the consensus for May is 3.4%
May's NFP was lower than the consensus for the first time in a year. This means a higher possibility for inflation also to be lower.
If the rate of inflation does indeed decline, the probability of the Fed cutting rates in September might increase and the dollar might lose strength.
M30's ATR for gold peaked around $8.60 after last month's inflation, which was unusually high relative to the average after such a release. Traders should probably prepare for more high volatility this time.
Get ready for the upcoming CPI release by funding your account.
What is the CPI?
The CPI is a crucial economic indicator that measures changes in the average prices of goods and services over time. It provides valuable insights into inflation and can have a significant impact on financial markets. As traders, it's always good to stay informed and capitalize on such market-moving events.
Remember, trading around major economic events like the CPI release requires caution and risk management. The markets can be volatile during these periods, so make sure to set a wide enough stop loss and monitor your positions closely.
Happy trading, The Exness Team
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