As we all are waiting for the CPI numbers to reveal later today
Here are some analysis where we can make some money
Before that lets read a bit about CPI
1.What does higher CPI means for the currency ?
A higher consumer price index (CPI) is a measure of the overall level of prices of goods and services in an economy. A higher CPI typically indicates that the general level of prices in the economy is increasing, which can lead to a decline in the purchasing power of a currency. This means that, with a higher CPI, the same amount of money will be able to buy fewer goods and services.
2. So the demand of the currency will go higher if we have the higher CPI ?
It is not necessarily true that the demand for a currency will increase if the CPI is higher. In general, the demand for a currency is determined by a variety of factors, including interest rates, economic growth, and political stability. A higher CPI may indicate that inflation is increasing, which can lead to lower demand for a currency if investors are concerned about losing purchasing power. On the other hand, if a higher CPI is accompanied by strong economic growth and rising interest rates, demand for the currency may increase. Ultimately, the relationship between CPI and demand for a currency is complex and can vary depending on the specific circumstances.
1.USDCHF
2. EURUSD
3. GBPUSD
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