Analysis done directly on the chart
Follow for more, possible live trades update!
Here's a brief definition of CPI copied directly from Fxstreet.com:
Link: fxstreet.com/economic-calendar
Inflationary or deflationary tendencies are measured by periodically
summing the prices of a basket of representative goods and services
and presenting the data as The Consumer Price Index (CPI).
CPI data is compiled on a monthly basis and released by the
US Department of Labor Statistics. The YoY reading compares
the prices of goods in the reference month to the same month a year earlier.
The CPI is a key indicator to measure inflation and changes in purchasing trends.
Generally speaking, a high reading is seen as bullish for the US Dollar (USD),
while a low reading is seen as bearish.
Active in London session!
Not financial advice, DYOR.
Market Flow Strategy
Mister Y
Follow for more, possible live trades update!
Here's a brief definition of CPI copied directly from Fxstreet.com:
Link: fxstreet.com/economic-calendar
Inflationary or deflationary tendencies are measured by periodically
summing the prices of a basket of representative goods and services
and presenting the data as The Consumer Price Index (CPI).
CPI data is compiled on a monthly basis and released by the
US Department of Labor Statistics. The YoY reading compares
the prices of goods in the reference month to the same month a year earlier.
The CPI is a key indicator to measure inflation and changes in purchasing trends.
Generally speaking, a high reading is seen as bullish for the US Dollar (USD),
while a low reading is seen as bearish.
Active in London session!
Not financial advice, DYOR.
Market Flow Strategy
Mister Y
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.