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:
Inflation in the USA in May is expected to have held at 3.4% for the annual non-core figure.
Last month's release met the consensus rather than exceeding it for the first time in many months, so it seems somewhat less likely to see a higher figure this time.
If the consensus is right, gold might make gains and the dollar losses as the probability of the funds rate being cut in September would increase.
M30's ATR for gold peaked above $9 after last month's CPI. A figure that high around inflation is rare; traders should be ready for volatility to be very high again around this month's release.
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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