The US inflation data is coming up in a few hours. The CPI and core CPI, as well as the unemployment claims will be released at 12:30 GMT. The unemployment or the employment numbers have been solid so we don´t expect anything there, the inflation figures are the ones to watch. Yesterday the inflation, seen from the producers side declined by 0.1% so the consumer inflation numbers today will be important. Meanwhile, EUR/USD touched 1.1230s today but has recovered about 30 pips in the last hour.
EUR/USD touched the 100 smooth MA which has held in the first attempt
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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