Summary
There is a widespread misconception when it comes to trading using Pivot Points and for the most part only partial information is taught. We've brought in Analyst Navin Prithyani again to share with us his "Re-engineered Pivot Point" methods with attendees here at FXStreet. The analyst has been featured on various publications online and offline and is known to simplify complex forex trading for everyone to understand. Be sure to register and reserve your seat today.Latest Live Videos
Editors’ Picks
How will markets react to US January inflation data? – LIVE
The US Bureau of Labor Statistics will publish the January Consumer Price Index (CPI) data on Friday. Investors will assess inflation dynamics to see whether the Federal Reserve is likely to consider further policy easing in the first half of the year.
EUR/USD struggles near 1.1850, with all eyes on US CPI data
EUR/USD holds losses while keeping its range near 1.1850 in European trading on Friday. A broadly cautious market environment paired with a steady US Dollar undermines the pair ahead of the critical US CPI data. Meanwhile, the Eurozone Q4 GDP second estimate has little to no impact on the Euro.
Gold remains below $5,000 as US inflation report looms
Gold retreats from the vicinity of the $5,000 psychological mark, though sticks to its modest intraday gains in the European session. Traders now look forward to the release of the US consumer inflation figures for more cues about the Fed policy path. The outlook will play a key role in influencing the near-term US Dollar price dynamics and provide some meaningful impetus to the non-yielding bullion.
GBP/USD recovers above 1.3600, awaits US CPI for fresh impetus
GBP/USD recovers some ground above 1.3600 in the European session on Friday, though it lacks bullish conviction. The US Dollar remains supported amid a softer risk tone and ahead of the US consumer inflation figures due later in the NA session on Friday.
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US CPI Live Coverage:
Will January inflation data reaffirm Fed policy hold in March?
The report is expected to show that inflationary pressures eased modestly but also remained above the Fed’s 2% target. Our experts will analyze the market reaction today at 13:00 GMT.