EUR/USD continues oscillation below 1.0750 amid a quiet market mood ahead of US Inflation EURUSD Fed ECB Inflation SEO
ack-and-forth moves as the market mood is extremely quiet ahead of the release of the United States inflation data. The asset is oscillating in an extremely narrow range as investors have shifted to the sidelines. is also showing a lack of trading activity, juggling in a narrow range below 103.00 as investors are in a fix ahead of the US Consumer Price Index data. S&P500 futures are failing to display a decent action but are holding gains recorded on Tuesday.
policymakers are delighted with the pressure of indicators showing a deceleration in inflationary pressures.According to the consensus, the headline United States CPI is expected to continue its declining spree and may drop to 6.5% from the former figure of 7.1%. While the core CPI that excludesand food prices might slip to 5.7% from 6.0% reported earlier.
Meanwhile, Economic Bulletin published by the European Central Bank is demonstrating a contrary viewpoint. It indicates that wage growth is going to be extremely solid ahead led by robust labor markets that so far have not been substantially affected by an economic slowdown, increases in national minimum wages, and some catch-up between wages and high rates of inflation.
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