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:)
Kommentera
GBPUSD +45 pips down so far and on the right direction:)
Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.