Today was the United States Consumer Price Index (CPI). The CPI measures changes in the price level of a weighted average market basket of consumer goods and services purchased by households. A CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically.
Beat Nussbaumer from Macrobeat is still looking for a rally in the United States Dollar ( #USD #DXY ) following CPI. Towards the end of the year he can see the Federal Reserve begin “tapering”. In this interview with Blake Morrow from Tradersummit.net Beat shares some of the key levels he’s looking for in some of the #FOREX pairs like the EURUSD and AUDUSD.