US June CPI Overview Thursday’s US economic docket highlights the release of latest consumer inflation data and is due for release later during the early North-American session, at 1230GMT. The headline CPI is expected to have risen by 0.2% m/m in June, with the yearly rate ticking higher to 2.9% from the previous month’s reading of 2.8%. Meanwhile, core CPI, which excludes volatile food and energy prices, is also expected to have risen 0.2% m/m, lifting the yearly rate to 2.3% as compared to 2.2% recorded in May. Deviation impact on EUR/USD Readers can find FX Street’s proprietary deviation impact map of the event below and as observed, the reaction in case of a relative deviation of +0.98 to -1.25 in the core CPI print is likely to be in the range of 24-26 pips during the first 15-minutes and could stretch to around 68-71 pips in the following 4-hours. How could it affect EUR/USD? Yohay Elam, FXStreet’s own Analyst explains: “1.1665 was the low point on July 11th. The next level to watch is 1.1630 that provided support to the pair on July 4th. 1.1590 was a low point on July 2nd. 1.1508 is the 2018 low.” “1.1690 is a level of resistance after working as such back on July 10th. 1.1720 was a double-top in late June and also in early July1.1795 capped the pair on July 9th. 1.1850 was the June 14th high,” he adds further. Key Notes “¢ US: CPI to rise 0.2% in June, unlikely to sway Fed views to the more hawkish side – TDS “¢ How to trade the US Consumer Sentiment with EUR/USD “¢ EUR/USD Technical Analysis: flirting with 200-hour SMA near 1.1700. Solid support lies around 1.1670/60. About the US CPI The Consumer Price Index released by the US Bureau of Labor Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchasing power of USD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or Bearish). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WTI looks firmer, approaches $71.00/bbl FX Street 5 years US June CPI Overview Thursday's US economic docket highlights the release of latest consumer inflation data and is due for release later during the early North-American session, at 1230GMT. The headline CPI is expected to have risen by 0.2% m/m in June, with the yearly rate ticking higher to 2.9% from the previous month's reading of 2.8%. Meanwhile, core CPI, which excludes volatile food and energy prices, is also expected to have risen 0.2% m/m, lifting the yearly rate to 2.3% as compared to 2.2% recorded in May. Deviation impact on EUR/USD Readers can find FX Street's proprietary deviation impact… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
