14 Apr
  • USD - CPI m/m @ 06:00 pm
  • USD - Core CPI m/m @ 06:00 pm
  • USD - Core Retail Sales m/m @ 06:00 pm
  • USD - Retail Sales m/m @ 06:00 pm
The economic markets will remain stopped across Europe, thus the pair is likely to keep on dragging, even if the activity might gather pace in the US session.
Eyes on US CPI
The cost of living as symbolized by the consumer price index -CPI is seen growing 2.6 percent y/y in March, compared to February’s publish of 2.7 percent.  In the meantime, the core CPI is seen increasing to 2.3 percent y/y from 2.3 percent. In the interim, retail sales are predictable to drop 0.1 percent m/m in March. The 10-yr yield has previously suffered a sharpest fall since January 2016 & might extend losses, pulling the dollar lower if the CPI makes lower-than-expected.
In deficiency of any market affecting events or economic releases ahead of the US session opening, the pair seems further likely to enlarge the submissive range-bounce price-action. Afterwards during the day, the pair is possible to be influence by the US economic docket, featuring the discharge of latest CPI publish & monthly retail sales numbers.
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