11 July sees the release of the Consumer Price Index data and Unemployment Claims
There are 3 types of CPI:
Core CPI m/m (goods and services purchased by consumers, excluding food and energy)
CPI m/m (goods and services purchased by consumers)
CPI y/y
This week's forecasts by analysts:
Core CPI m/m: 0.2%
CPI m/m: 0.1%
CPI y/y: 3.1%
For DXY to move higher we need to see the actual data beat the forecasts. If the actual data meets or is below the forecasts, we can expect DXY to move lower.
Unemployment claims forecast is 236k. The actual less than forecast is good for the DXY and will move higher.
Always wait until after the actual data is released before going long or short on USD pairs.
If actual data is positive for DXY:
Go short on EURUSD or NZDUSD
Go long on USDJPY
If actual data is negative for DXY:
Go short USDCAD or USDCHF
Go long GBPUSD or AUDUSD
There are 3 types of CPI:
Core CPI m/m (goods and services purchased by consumers, excluding food and energy)
CPI m/m (goods and services purchased by consumers)
CPI y/y
This week's forecasts by analysts:
Core CPI m/m: 0.2%
CPI m/m: 0.1%
CPI y/y: 3.1%
For DXY to move higher we need to see the actual data beat the forecasts. If the actual data meets or is below the forecasts, we can expect DXY to move lower.
Unemployment claims forecast is 236k. The actual less than forecast is good for the DXY and will move higher.
Always wait until after the actual data is released before going long or short on USD pairs.
If actual data is positive for DXY:
Go short on EURUSD or NZDUSD
Go long on USDJPY
If actual data is negative for DXY:
Go short USDCAD or USDCHF
Go long GBPUSD or AUDUSD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.