An Economic Storm Ahead?
Having spent more time making headlines more negative than positive, the European Union chugs along like an ever reliable Train. Tomorrow we have European CPI (YOY) and the expectations are more positive than negative. The European Union, the world’s largest trading Bloc has weathered many economical storms and many more to come. Tomorrows CPI will be a solid indicator for greater strength for the EUR/USD.
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
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