US dollar holds above 90 as inflation fears continue
By Scott Andrews
US index 11 05 2021
Overnight we saw a distinct shift to risk off sentiment in the equity markets especially the NASDAQ with markets reverting back to inflation concerns. There’s no significant news out for the US with inflation data coming out on Wednesday evening at 20:30 GMT+8 time zone, support appears to be holding up and it will be key to see how the market reacts to the Core CPI and also CPI year on year change and whether it meet forecasts.
Key points to consider:
US CPI m/m (%)
0.2% Forecast 0.6% Previous
US Core CPI m/m (%)
0.3% Forecast 0.3% Previous
US Core CPI y/y (%)
2.3% Forecast 1.6% Previous
US CPI y/y (5%)
3.6% Forecast 2.6% Previous
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.