EURUSD is keeping neutrality. Overview for 13.03.2018


The main currency pair is moving without any significant fluctuations on Tuesday and waiting for the US inflation report.

On Tuesday morning, EURUSD is rather inactive; investors are saving strengths in anticipation of the US statistics to be published in the evening. The current quote for the instrument is 1.2330.

In today’s macroeconomic calendar, there is a report on the US inflation rate, which is very important for the currency market: it will surely serve as a basis for investors and economists so that they could make assumptions about future fiscal activities of the US Federal Reserve. As it was said by Jerome Powell in his first speech as the new Chairman, the regulator’s key rate might be revised four times in 2018 if economic factors allowed, and the stable inflation was one of them.

Expectations on the Consumer Price Index imply that the indicator may add 0.2% m/m in February after expanding by 0.5% m/m the month before. On YoY, in the previous month the CPI increased up to 2.1%, so now this reading may be lower.

It’s very important to follow the Core Inflation as well. The expected change of the indicator is +0.2% m/m after adding 0.3% the month before.

Right after these reports are published, investors’ attention will switch to the speech of Mario Draghi, the Governor of the European Central Bank, which is scheduled for Wednesday.


RoboForex Analytical Department



Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.

The material presented and the information contained herein is intended for our customers, and is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.

Ask a question

Did not find the information you need? Ask your questions and get answers online!

Enter chat
Or enter your phone number in the form below and we will call you right away.
Call back
Ask a question