Negative macroeconomic statistics from the United States | 15 September 2021

15 September 2021, EUR/USD

Negative macroeconomic statistics from the United States

EURUSD trading plan:

Underlying U.S. consumer prices increased at their slowest pace in six months in August. The so-called core CPI was held back by a 1.5% decline in prices for used cars and trucks, which ended five straight monthly increases. Robust rises in prices of used cars and trucks, as well as services in industries worst affected by the COVID-19 pandemic, were the key drivers behind a heating up of inflation at the start of the year. In the 12 months through August, the core CPI increased 4.0% after advancing 4.3% in the 12 months through July. This is a negative macroeconomic statistic for the dollar.

Investment idea: buy 1.1795 and take profit 1.1860.

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David Johnson
Analyst of «FreshForex» company
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