GBP and EUR CPI Tomorrow

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April 17, 2018

The CPI is a key indicator to measure inflation and changes in purchasing trends. The purchase power of GBP is dragged down by inflation and the release of the UK February Average Weekly Earning which was lower then forecast Sterling falling a little on the data.

Buyers should wait until the release of tomorrow's data to a buy dip and keep going to the uptrend. so the overall picture is not done yet.

09:30 GBP CPI (YoY) (Mar)

10:00 EUR CPI (YoY) (Mar)

*A reading that is stronger than forecast is generally supportive (bullish) for the Currency.

The DAX index continues to trade near the highs of its range over the last 24 hours as the index is likely to continue. The market is likely to be generally buoyed due to the fact that the US markets closed higher yesterday but there would not be much momentum for any breakout of the range as such.

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