How to trade Gold and Dollar on US CPI? - FX Leaders News
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How to trade Gold and Dollar on US CPI?

Posted Wednesday, November 14, 2018 by
Arslan Butt • 1 min read

What’s up, fellas.

Looks like a busy day, but the market is trading sideways in the wake of mixed economic events. After the disappointing CPI figures from the UK, investor focus has shifted towards the United States.

Recalling the US employment report, investors are expecting a solid growth in the inflation figures.

CPI – The consumer price index is expected to rise by 0.3% vs. 0.1% previously.

Core CPI – The core figure is also likely to upbeat the previous month’s 0.1%. Economists are expecting a rise of 0.2% in November.

Potential Impacts

GOLD – XAU/USD – The positive inflation is likely to drive bears in the bullion market and we may see gold dropping around 50/60 pips to target $1,197 and $1,191. In case of negative data, gold can target $1,204 and $1,207.

Dollar Index – The dollar index is trading at $97.02 and a positive figure is likely to lead it towards $97.35. On the other hand, a disappointing CPI can cause a drop until $96.75.

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About the author

Arslan Butt is our Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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