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The U.S. consumer price index report

The U.S. consumer price index report | 12 May 2021

12 May 2021, EUR/USD

The U.S. consumer price index report

EURUSD trading plan:

The U.S. consumer price index report, including the core consumer price index, will be released later in the today. Investors on the lookout for the further implications that the data, along with U.S. government debt sales, will have on the U.S. Federal Reserve’s dovish stance on inflation. Fed officials continued to be optimistic about the country's progress towards economic recovery from COVID-19, but warned that the road ahead remains long, which was highlighted by the disappointing employment data, including non-farm payrolls, for April released during the previous week. This is a negative signal for the dollar.

Investment idea: buy 1.2110 and take profit 1.2170.

David Johnson
Analyst of «FreshForex» company
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