When performing transactions in the OTC Forex market, the possibility of making a profit is inextricably linked with the risk of losses. Ownership and other rights to the underlying assets are not transferred to clients.

BREAKING: USD weakens after CPI inflation report

The widely watched US CPI inflation for August has just been released. The data came in line with expectations as the headline inflation dropped slightly to 5.3% YoY in August  compared to 5.4% YoY print last month. The Core CPI figure came in below  the consensus estimate as it amounted to 4.0% YoY (vs exp. 4.2% YoY) and compared with 4.3% YoY in July.

US inflation rate still remains elevated. Source: Macrobond, XTB

EURUSD broke above the 1.1825 resistance level after today's data releases and is testing 200 SMA (red line). Source:xStation5  

 

Daily summary: Global stocks subdued by Evergrande woes
Supply chain issues hit Nike - stock plunges 7%
Three markets to watch next week (24.09.2021)
Chart of the day - TNOTE (24.09.2021)
Economic calendar: Fed speakers in the spotlight