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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Trading volatility: USD around US consumer prices

Having seen a week of US jobs data, all reinforcing the fact that the US has weathered high rates, the next opportunity to trade USD is Tuesday’s CPI.

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IGTV’s Jeremy Naylor now looks at a the potential downside for the US dollar, pushing up EUR/USD, with a price target well ahead of current levels.

(AI Video Summary)

Interest rates and USD analysis

This video is all about trading and how the upcoming release of consumer price inflation data can affect it. Jeremy Naylor suggests that interest rates might be going down, which could impact trading. The call rate is expected to fall, but the headline rate will stay the same. There's concern that this may be the end of the interest rate cycle, but rising oil prices could cause inflation to go up.

Naylor also talks about the performance of the US dollar and provides a chart analysis. The long-term interest rate is at a certain number, but there's a red dotted line indicating a potential decline. To trade this, he suggests using the EUR/USD pair, as the euro is doing well right now because the dollar is weak. The European Central Bank's recent actions also support buying the euro.

Technical analysis

Naylor goes into technical analysis and shows a chart pattern and a Fibonacci retracement, which gives some predictions for future gains. The initial price target is at a certain level, with a stop loss just below another level. If the market surpasses a certain mark, the next target would be a higher level.

Importance of upcoming CPI

Finally, he stresses the importance of the upcoming release of consumer price inflation data and suggests keeping an eye on it. If the data supports more weakness in the dollar, the video advises trading the euro higher against the dollar and setting a stop loss based on recent price action.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

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