Dear ,

As requested, let’s look at EURUSD and the recent events that happened in the previous trading session.

EURUSD Analysis

Performance after Thursday
Period Pct Chg Momentum
Thursday -0.11% -11.5 Pips
Week to-date -2.12% -236.8 Pips
October -1.83% -203.6 Pips
Upcoming key events (London Time)

Fri 01:30 PM USD Producer Price Index (12-mth)

What happened lately

In the United States, the Consumer Price Index (CPI) observed a minimal rise of 0.2% on a seasonally adjusted basis for September, continuing the same trend seen in August and July, as reported by the U.S. Bureau of Labor Statistics. Over the past year, the all items index for inflation only rose by 2.4%, marking the smallest 12-month increase since February 2021. This indicates that inflation is stabilizing, suggesting a cooling down in the costs faced by consumers and possibly affecting the Federal Reserve’s future decisions regarding interest rates.