US CPI set to dominate attention – Deutsche Bank

Analysts at Deutsche Bank suggest that today will be a key test for markets with US CPI set to dominate attention.

Key Quotes

“The consensus doesn’t expect much to happen, but then again it rarely has for this data print over the last few years. The consensus forecast is again at +0.2% mom for the core for the 36th successive month. DB is at +0.25% mom so we think it could round up to 0.3%.”

“Given the recent risk sell-off, you’d have to say that there is scope for a decent relief rally on a softer number. Medium-term though, signs of higher inflation would be much worse for risk than softer inflation would be positive.”

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.