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GBP/USD Trading - US CPI - 16 Sep 2016

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GBP/USD Trading - US CPI - 16 Sep 2016
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Yesterday the pair GBP/USD kept a sideways trend.

Yesterday's the US data were worse than expected, that lowered the probability of a September increase.

All data except the Philadelphia Fed Manufacturing index were negative.

In August retail sales fell by 0.3%, the core retail sales fell by 0.1% against the forecast of growth by 0.2%. The industrial production decreased by 0.4% vs. -0.2%, the capacity utilization rate fell from 75.9% to 75.5%.

The Philadelphia Fed Manufacturing index unexpectedly rose to 12.8 from 2.0 (forecast 1.1), but the New York Empire State Manufacturing Index was -1.99 vs. -4.2 in August. The producer price index was 0.0% vs. 0.1%.

The UK retail sales decreased by 0.2% in August (the forecast was even worse, -0.4%).
Today, the US is to publish data on the Core CPI for August, which is expected to increase by 0.2%, CPI at 0.1%, the Michigan consumer sentiment is expected at 91.0.

How to trade binary

We would buy Call options if the pair GBP/USD rises above 1.3280. We would buy Put options if the pair GBP/USD falls below 1.3190.

Expiry time: 20:00 GMT

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. He has no business nor personal relationships with any mentioned government entities or stocks. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion.

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