All eyes are on whether the U.S. CPI will come in below the market forecast of 7.3%

All eyes are on whether the U.S. CPI will come in below the market forecast of 7.3%

13.12.2022

In the previous session, the U.S. currency market adopted a wait-and-see stance ahead of today’s Consumer Price Index (CPI) release. The euro/dollar pair traded in a range between 1.0505 and 1.0580, ending the session in a stalemate with the euro. Furthermore, during today’s Asian trading session, the market direction remains unclear, with traders awaiting the results of the U.S. CPI release.With market expectations for today’s U.S. CPI at 7.3% year-over-year, attention will be focused on whether the actual result comes in below this figure.

Among European currencies, the euro-pound pair has been trending slightly lower. The pair has fallen from 0.8618 to 0.8573 and is trending downward on the 4-hour chart, with resistance at the 75-period moving average. With the German ZEW Economic Sentiment Survey scheduled for release today and market expectations at -27.0, we will be watching closely to see if the results exceed expectations and trigger a rebound in the euro.

Today, at 4:00 PM CET, the UK unemployment rate, German CPI, and Turkish industrial production will be released; at 7:00 PM CET, the German ZEW Economic Sentiment Survey and the Eurozone ZEW Economic Sentiment Survey will be released; and at 7:30 PM CET, the UKthe BOE Financial Stability Report, at 20:00 UK time a press conference by BOE Governor Bailey and the US NFIB Small Business Optimism Index, and at 22:30 US time the US Consumer Price Index, followed by a US 30-year Treasury auction at 03:00. We will be closely monitoring whether the US CPI falls below 7.3%.

Past Market Reports

1. 21.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 20.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

3. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

4. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

5. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

6. 14.04.2026

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

7. 13.04.2026

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

8. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

9. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

10. 08.04.2026

    Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?