U.S Data Are Green Today , USD Shines Again!

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The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.

The U.S Core Consumer Price Index (CPI) rose from 0.2% to 0.3% in the previous month, analysts had expected it to remain unchanged 0.2% as previous month.

Year-over-Year Core CPI remains unchanged in April at 1.8% passing forecast at 1.7%…

Month-over-Month Consumer Price Index fell in April from 0.2% to 0.1% in the previous month , but didn’t slip below forecast 0.1% ……..

Conclusion : US data was beyond expectations today, This development should advance US dollar in the upcoming hours , strategy is to buy USD on pullback…

EURUSD: Support 1.1061 gives away, there is a risk to fall to 1.0950 levels, but a halt might be seen around 1.1025 levels first , Immediate resistance comes at the 1.1070 levels ahead of the 1.1208 levels…