Forex Today: Hot US CPI Hits Stocks and Revives Fed Hike Bets
US Inflation Rises to 3.7%, Core Reading Also Beats Forecasts; US Dollar and Yields Reverse After Initial Gains; October Hike Odds Only 33%; Technology Stocks Sell Off Strongly; EUR/USD Briefly Makes New 17-Month Low Price At DailyForex, we’re out to prove that free Forex signals can be just as trustworthy as expensive signal subscriptions. Our reliable Forex signals will provide you with expert advice about when to buy and sell the major currency pairs without costing you a penny.
US CPI on 14 Oct: What Does the 2.60% Print Mean for Positioning?
For the Federal Reserve, the result does not establish a new trend on its own. Policymakers will need to see whether firmer inflation is confirmed by subsequent core-price, wage, and consumer-demand data. At DailyForex, we’re out to prove that free Forex signals can be just as trustworthy as expensive signal subscriptions. Our reliable Forex signals will provide you with expert advice about when to buy and sell the major currency pairs without costing you a penny.
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News by our Chief Analyst Adam Lemon
Adam joined Daily Forex as Chief Analyst in 2013, with over a decade of experience in the global financial markets, including six years as an Assistant Vice President at Merrill Lynch
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