GBPUSD in a Risky Bearish Scenario Ahead of US CPI Dat
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GBPUSD in a Risky Bearish Scenario Ahead of US CPI Data
Today, the US CPI inflation data will be released, and it is expected to be a volatile day. The market will speculate about a potential FOMC rate cut at the September meeting based on this data.
The price has broken out from the structure zone, supporting a bearish wave. However, the main driver of today’s movement is the high level of speculation surrounding the data.
USD Consumer Price Index (YoY) (Aug)
Expected 2.6%
Previous 2.9%
US Consumer Price Index ex Food & Energy (YoY) (Aug)
Expected 3.2%
Previous 3.2%
You can share your opinion below!
Thank you:)
Today, the US CPI inflation data will be released, and it is expected to be a volatile day. The market will speculate about a potential FOMC rate cut at the September meeting based on this data.
The price has broken out from the structure zone, supporting a bearish wave. However, the main driver of today’s movement is the high level of speculation surrounding the data.
USD Consumer Price Index (YoY) (Aug)
Expected 2.6%
Previous 2.9%
US Consumer Price Index ex Food & Energy (YoY) (Aug)
Expected 3.2%
Previous 3.2%
You can share your opinion below!
Thank you:)
Nota
GBPUSD +45 pips down so far and on the right direction:)
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