CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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. 74% 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: USD  strengthens after CPI inflation report

13:35 13 October 2021

The widely watched US CPI inflation for September has just been released and showed inflationary pressures on the economy remain elevated in September as supply-chain bottlenecks have not improved and energy prices soared, raising further concerns that high inflation will last longer than expected.

The data came in slightly above expectations as the headline inflation rose to 5.4% YoY in September vs expected 5.3% YoY. That is a slight increase compared to 5.3% YoY print last month. The Core CPI figure came in line with the consensus as it amounted to 4.0% YoY  and compared with 4.0% YoY in August.

EURUSD  bounced off the  downward trendline and 50 SMA (green line) after today's data release and pair is heading towards major support  at 1.1530. Source:xStation5  

 

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