Forex Signals Brief for April 19: UK Inflation Held Above 10% Again
Skerdian Meta • 2 min read
Yeterday’s Market Wrap
Today’s Market Expectations
Today all eyes were on the consumer inflation report from the UK, which was released a while ago. The headline CPI (consumer price index) showed a decline below 10% for the first time since June last year, although core inflation is showing stubbornness, the same as in Europe and the US. The Eurozone final CPI and Core CPI for March will be released shortly, and they are expected to remain unchanged at 6.9% and 5.7% respectively. EIA Oil inventories will be released in the afternoon and are expected to show a 0.9 million barrel drawdown.
Forex Signals Update
Yesterday most trading assets traded in a tight range in lack of volatility, while only Gold and the Euro saw some buying pressure. We opened four trading signals as the price action was slow, closing two in profit and one signal in loss, while one remained open.