Market Brief 12 September: CPI From the United Kingdom


There two strong market catalysts on Tuesday, both could spur volatility in the markets concerned.

United Kingdom

GBP, 09:30 a.m. GMT +1, CPI (YoY) (Aug) – the index measure inflation from the perspective of consumers, in particular, the change in the price of goods and services. The results due are for the month of August. Analyst projections are for an increase at 2.8% for August versus 2.6% for the same period during the previous year. If the actual result is better than expected, this should be read as a bullish sign for the cable and further boost the value of it. And, if the reading is strikingly lower, this could be seen as a bearish sign.

United States

USD, 15:00 p.m. GMT + 1, JOLTs Job Openings (Jul) – those are job positions which are open but not yet filled in the last business day of the month. Projections for the end of July are lower at 5.960M versus the previous period at 6.163M. If the reading is stronger than the forecast, this should support the US dollar and if the result is weaker, this could undermine it even further.

 

Wishing you happy and successful trading!

 

Risk Warning: The information above constitutes Marketing Communication and does not constitute Investment Advice or Investment Research. The content of the analysis represents the view of our experts on a generic basis, and do not take into consideration individual readers personal circumstances, investment experience or current financial situation. In addition, the analysis above has not been prepared in accordance with legal requirements designed to promote the independence of Investment Research. Readers using the above information should consider the possibility of encountering substantial losses. Therefore, UR Trade Fix Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the above analysis.”  Further to the above ,Forex Trading involves a substantial Risk of Loss and may not be suitable for all Investors. Please see our Website for details regarding UR Trade Fix Limited’s Trading Terms, Policies and Offerings.Read more.

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