CPI Is Crunch Time For The EURUSD

On March 12 we have the hotly anticipated US CPI print. So, here’s the outlook on the US CPI report coming up. Markets expect headline CPI to rise around 0.4% in February, and core inflation to go up by about 0.3%. Traders are getting more hawkish on rate hikes after January’s CPI jump, and they’ll be keeping a close eye on February’s numbers to fine-tune their predictions. The market’s currently betting on three rate cuts this year, with a decent chance of a fourth.

Fed Chair Powell recently mentioned that inflation has eased a bit lately, but they’re not rushing to cut rates until they’re sure inflation’s heading sustainably towards their target of 2%, so a big miss to the upside in the data here could send the USD sharply higher again after last week’s dollar falls!

Keep an eye out for these numbers – they could shake things up a bit!

Check out the video for more details!

The major trade risk here is due to the event itself with surprising readings likely to increase the volatility of any EURUSD moves

Remember, don’t just trade it Seasonax It!