What is it? It checks the change in the price of goods and services purchased by consumers, excluding food and energy.

Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.

When? March 24th at 8:30am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.

 

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What is it? It checks the change in the price of goods and services purchased by consumers.

Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.

When? March 24th at 8:30am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.

 

Ask us about our FREE financial advice program: 

 

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How I Made Over $30,000 a Year by Investing in Binary Options

 

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European markets declined today as Greece came back in the spotlight. Declines came ahead of meeting between Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel in Berlin to discuss Greece’s debt problems. In addition, Draghi was also in focus as he spoke in Brussels. Draghi commented on Greece and stated that the country should benefit from the quantitative easing program and should get normal access to bank funds. The Euro, however, did not react strongly and is trading around $1.0934.

U.S stocks declined on Friday following two dovish speeches from FOMC members Lockhart and Evans. Today, stocks are edging higher as traders react to weaker than expected Home Sales data which came out at 4.88 million and showed a monthly increase of just 1.2%. The data is bullish for stocks as it adds to the argument for a later interest rate hike.  A June Interest rate hike remained in focus, however, as St. Louis Federal Reserve President, James Bullard, told CNBC Monday that the dovish statement from last week may have misplaced investor expectations about the first hike. Fed Vice, Stanley Fisher, will be speaking at 4.20PM (GMT). San Francisco Fed President, John Williams, will also speak in Sydney, Australia.

 

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Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

 

1. Blue Monday

Markets are having a case of the Monday Blues. U.S. stock futures are pointing down and most European markets are firmly in negative territory. But it's not all doom and gloom. Many stock markets are only taking a step back after trading near record highs.

Wall Street was an exciting place last week, with the Nasdaq nearing an all-time high.

 

2. Tire takeover

Shares in Pirelli (PPAMF) are rising by about 2% in Europe after China National Chemical Corporation announced plans to pay nearly $8 billion to acquire the Italian tire maker.

Talk of a takeover had been swirling for a few days.

 

3. Germany vs. Greece

 

Greece's new Prime Minister Alexi Tsipras is meeting Germany's Chancellor Angela Merkel Monday to discuss Greece's financial crisis. The results of the talks could influence market movements across Europe.

Tsipras has warned Merkel that it will be "impossible" for Greece to pay its debts in the coming weeks without further financial assistance from Germany and its international partners. Europe wants Greece to deliver on promised reforms before releasing any more funds.

The meeting comes after a video emerged this month showing Greece's outspoken finance minister Yanis Varoufakis making a lewd gesture directed towards Germany. The video was taken in 2013, before Varoufakis was installed in his new job.

 

4. Economics

The National Realtors Association will report on existing home sales made in February at 10 a.m. ET.

 

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What is it? It checks the level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.

t's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.

When? March 23rd at 9:45pm Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the CNY to rise.

 

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