Core CPI Data Release and Our Trades 10-April

Here is the GBPCAD signal:

Pending Order: Sell Limit GBPCAD From 1.7220 Stop Loss 1.7240 Take Profit 1.7190, 1.7160 GBPCAD signals of cpi

GBPUCAD Moved exactly and hit the target +60 PIPs

GBPCAD Smart Money Analysis

This trade is based on our SMC and Price Action Method, as you can see in the char we marked the pair GBPCAD’s first market structure changed (CoCH marked). after that, it breaks the structure (BOS) marked. The market became short-term bullish it touched the esteem POI and moved downward. The trade activated before the CPI data release during the data release it hit the target. gbpcad profit

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best smart money analysis Core CPI Analysis

The US Dollar seems to imply that the recent positive developments are indeed favorable. The Core Consumer Price Index (CPI) exceeded expectations for the third consecutive time with a 0.4% reading, indicating a persistent 3.8% year-on-year increase. However, there are some less positive aspects to consider. Firstly, the unrounded increase in Core CPI was 0.359%, slightly lower than the expected 0.4%. Secondly, despite private-sector data suggesting weakness, housing inflation remained strong. It’s worth noting that the core Personal Consumption Expenditures (PCE) measure assigns less importance to housing. Despite these considerations, the strong labor market and robust consumption are contributing to higher inflation, which in turn is likely to lead to higher interest rates. Given that inflation is declining in other parts of the world, there is potential for weakness in the US Dollar. This means that due to the lower inflation in other countries, the US Dollar may face downward pressure. This is because lower inflation in the US compared to other countries could make the US Dollar less attractive in the global market, leading to a potential decrease in its value relative to other currencies.

fxstreet calender

source: https://www.fxstreet.com/economic-calendar