10.04 - USA CPI Data (March):
- CPI (MoM): 0,9% (Expected:1% Previous: 0,3% )
- CPI (YoY): 3,3% (Expected: 3,4% Previous: 2,4% )
- Core CPI (MoM): 0,2% (Expected: 0,3% Previous: 0,2%)
- Core CPI (YoY): 2,6% (Expected: 2,7% Previous: 2,5% )
The market had expected a large increase in inflation as a result of the conflict with Iran, which is reflected in the data. However, the rise in prices turned out to be slightly smaller than expected.
It is also expected that the core price increase remains minimal, highlighting that the greatest price volatility so far is limited to food and energy prices.
Market reaction remains calm, and EURUSD gains are limited.
EURUSD (M1)
Source: xStation 5
Technical analysis 📈 Gold gains 1.5% amid weakening US dollar
📈 EURUSD gains 0.5%
US Open: Wall Street gains lose momentum 📉 Caterpillar shares rally after earnings
Market Wrap: UK100 skyrockets after BoE 🇬🇧 🚀 Euphoric gain as ECB Lagarde speaks 🇪🇺 📈