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On Tuesday, February 13th US CPI inflation data will be announced for January. Will the recent disinflationary trend be confirmed?The latest US CPI revisions on Friday are considered to be pointing towards a continued fall in US inflation, but how will markets react to Tuesday’s print? Economists are projecting a forecast of 3.8% for the core and 3% for the headline, both representing a drop. However, watch for a surprise move upwards to catch dol-lar traders unaware. This is where Seasonax’s event tool is really handy.Over the last 5 years, the DXY has gained 60% of the time over the 2 days following the print. So, will a surprise beat to the upside give the USD a nice nudge higher into the middle of the week? The major trade risk here is that CPI print misses to the downside and this could give the USD a sharp nudge lower in contrast to the event pattern!Video Length: 00:01:55More By This Author:Pepsi Poised To Pop?Is Oil Poised To Surge?February Is PayPal’s Weakest Month
The DXY Strength Bias Out Of Recent CPI Prints
