USD pairs face increased uncertainty as the Bureau of Labor Statistics has canceled October's CPI report, with November data now scheduled for November 18th. This unprecedented delay means the release will occur after the Federal Reserve's December 10th FOMC meeting, potentially limiting the central bank's inflation data visibility for its rate decision. The November report will exclude month-over-month comparisons due to the missing October data, complicating inflation trend analysis. Markets are likely to see heightened USD volatility as traders lack crucial inflation guidance that typically influences Fed policy expectations. The data gap creates additional challenges for positioning in major pairs like EUR/USD and USD/JPY. Technical traders should prepare for potential whipsaw movements as the market adjusts to this unusual situation, with the dollar's direction remaining uncertain until clearer inflation signals emerge.
Related Symbols:
EURUSD
USDJPY
News data provided by Finnhub.
ForexSentiment.live provides this summary as a convenience with proper attribution to the original source.
The full article is available at the original publisher's website.