Daily Review from Trade24 - October 23, 2014 Today’s US consumer price index data will be the highlight of the day. If the CPI comes out higher than expected, the Fed will have to raise rates quicker in order to handle inflation. Otherwise, and this could be the case this time, the Fed will be in no hurry to raise rates. This will be the take away from the data The EUR/USD dropped yesterday after an ECB official said they were going to buy corporate bonds starting from December. This report sent the pair falling. Financial Times then denied the report. Full review: trade-24/daily-review
Posted on: Thu, 23 Oct 2014 06:56:38 +0000
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