Global macro overview for 29/09/2015:
The Consumer Price Index (CPRI) preliminary figures are due to be released today at 12:00 GMT. The number is expected to post a small decline to the level of -0,1% from 0,0% a month ago. Together with Harmonized Index of Consumer Prices, this data will be closely watched as they are the main indicator of inflation and changes in purchase trends. This figures are seriously treated by the ECB as the CPI has been gradually increasing from its low reached in February 2015.
The EUR/USD keeps trading inside the congestion zone between the resistance at the level of 1.1298 and support at the level of 1.1086. Only a clear breakout above the level of 1.1297 would seriously challenge the next resistance at the level of 1.1373.
The material has been provided by InstaForex Company – www.instaforex.com