Inflation Turns Surprisingly High, EUR/USD Pushes Up

Published 06/03/2015, 04:41 AM
Updated 07/09/2023, 06:31 AM

Binary Option traders enjoyed yesterday’s correlation opportunity after CPI publication.

As discussed, the EUR shared currency and DAX index tend to move in opposite ways after inflation reports or monetary reports.

Inflation turned surprisingly high yesterday, and the EUR/USD pushed up 2.25%. At the same time, binary traders bought also put options on the DAX, leveraging their trading portfolio on that negative correlation. (See Chart )

ADP appetizer coming up today at 12:15 GMT

This report is gaining momentum fast and market reaction is high.

Good report should support the dollar and correct yesterday’s amazing EUR/USD move.
Bad report and gold should target $1,210 an ounce.

Traders have been following Greece payment schedule as tensions accumulate.
Next Payment on June 5th.

ECB President Draghi should speak about that today at the 12:30 GMT press conference.

Assets to trade will be the EUR currency, and EU markets such as: DAX, CAC, and the IBEX.
Gold 4 Hour Chart

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.