Analysis EURUSD 30/10/2017
Guys, we have many events upcoming this week. However, I want to point that charges against Donald Trump for corruption were presented and accepted by a General Grand Jury, so keep an eye on this. Now, European Consumer sentiment forecast is lower than previous result, which could lead to a downfall when it is presented. Also, we have US Consumer Price Index to be presented which its forecast is higher than previous result. Meaning that if consumption increases, inflation does too. As a result, the Central Bank increases the interest rate to ensure price stability. Therefore, currency value increases (Dollar appreciates).
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