CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

BREAKING: US inflation matches expectations

13:33 14 January 2020

US inflation was at 2.3% in December, compared to 2.1% in November. The core measure remained steady at 2.3% y/y. The reading is in line with the consensus, although monthly change was somewhat below expectations. While the price growth could look solid, bear in mind that the Fed pays more attention to the PCE inflation which is lower.

The US dollar has been doing well today especially against the yen (USDJPY at multi-month highs) but also the EURUSD erased yesterday gains.  The reading is neutral and should not be decisive for the FX market today. There are still many US releases this week, especially retail sales on Thursday.  

Declining wage growth should keep inflation pressure contained. Source: Macrobond, XTB Research

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