{"id":73087,"date":"2023-11-14T10:55:17","date_gmt":"2023-11-14T08:55:17","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=73087"},"modified":"2025-12-11T15:01:07","modified_gmt":"2025-12-11T13:01:07","slug":"us-cpi-rates-are-due-out-today","status":"publish","type":"post","link":"https:\/\/www.ironfx-cn.com\/en\/us-cpi-rates-are-due-out-today\/","title":{"rendered":"US CPI rates are due out today"},"content":{"rendered":"\n<p>The US CPI rates are due to be released today and are expected by market analysts to come in lower than the prior month, which could weaken the greenback.The UK\u2019s employment data came in better than expected, with the unemployment rate coming at 4.2%, in addition to the Average hourly earnings rate which came in at 7.9% compared to the expected rate of 7.4%. However, the three-month employment change figure, came in lower than expected -207k, which could cast some doubt on the resilience of the UK\u2019s labour market. On a monetary level, BoE\u2019s Mann yesterday, during her speech indicated that she believes that inflationary pressures will remain for a prolonged period of time and as such could support the pound, as market anticipations of a potential future rate hike, may rise. Over in the commodities markets, we note that the EIA productivity report showed that oil productivity has increased despite the reduction in oil rigs. In addition, OPEC\u2019s monthly report stated that the forecast for China remains unchanged and that oil market fundamentals remain strong, despite the \u201coverblown negative sentiment in the market regarding China\u2019s oil demand\u201d, which may support oil prices.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Market focus on US October CPI rates\" width=\"750\" height=\"422\" src=\"https:\/\/www.youtube.com\/embed\/hV1MDbQlM8I?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>EUR\/USD appears to be moving in a sideways fashion, after failing to break below the 1.0665 (S1) support level and is now currently aiming for the 1.0745 (R1) resistance level. We maintain a neutral outlook for the pair and supporting our case is the RSI Indicator below our 4-hour chart which currently, registers a figure near 50, implying a neutral market sentiment, in addition to the narrowing of the Bollinger Bands which implies low market volatility. For our neutral outlook to continue, we would like to see the pair failing to break above the 1.0745 (R1) resistance level and remaining confined between the 1.0665 (S1) support and 1.0745 (R1) resistance levels. For a bullish outlook, we would like to see a clear break above the 1.0745 (R1) resistance level, with the next possible target for the bulls being the 1.0835 (R2) resistance ceiling. Lastly, for a bearish outlook, we would like to see a clear break below the 1.0665 (S1) support level, with the next possible target for the bears being the 1.0570 (S2) support base.<\/p>\n\n\n\n<p>WTICash appears to be moving in an upward fashion, having broken above resistance now turned support at the 77.25 (S1) support line. We maintain a bullish outlook for the commodity and supporting our case is the RSI indicator below our 4-hour chart, which currently registers a figure near 60, implying a relatively bullish market sentiment, in addition to the upwards-moving trendline which was incepted on the 8<sup>th<\/sup> of November. For our bullish outlook to continue, we would like to see a break above the 80.70 (R1) resistance level, with the next possible target for the bulls being the 85.40 (R2) resistance ceiling. On the other hand, for a neutral outlook, we would like to see the commodity remaining confined between the 77.25 S1) and 80.70 (R1) support and resistance levels respectively. Lastly, for a bearish outlook, we would like to see a clear break below the 77.25 (S1) support level, with the next possible target for the bears being the 73.95 (S2) support base.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-other-highlights-for-the-day\"><strong>Other highlights for the day:<\/strong><\/h2>\n\n\n\n<p>Today in the European session, we note the release of UK\u2019s employment data for September, Sweden\u2019s October CPI rates, Eurozone\u2019s revised GDP rates for Q3 and Germany\u2019s ZEW economic sentiment and current conditions for November and note that ECB\u2019s chief economist Lane and BoE\u2019s MPC member Dhingra are scheduled to speak. In the American session, we highlight the release of the US CPI rates for October and note that BoE chief economist Pill, Fed Vice Chair Barr, Cleveland Fed President Mester and Chicago Fed President Goolsbee are scheduled to speak. Later on, we note the release of the US API weekly crude oil inventories figure. During tomorrow\u2019s Asian session, we note the release of Japan\u2019s revised GDP rate for Q3 and China\u2019s urban investment, industrial output and retail sales for October.&nbsp;&nbsp; &nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-eur-usd-4-hour-chart\"><strong>#EUR\/USD 4 Hour Chart<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"977\" height=\"453\" src=\"\/wp-content\/uploads\/2023\/11\/image-65.png\" alt=\"support at one point zero six six five and resistance at one point zero seven four five, direction sideways  \" class=\"wp-image-73088\" title=\"eur-usd-four-hour-chart\"\/><\/figure>\n\n\n\n<p>Support: 1.0665 (S1), 1.0570 (S2), 1.0440 (S3)<\/p>\n\n\n\n<p>Resistance: 1.0745 (R1), 1.0835 (R2), 1.0930 (R3)<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-wticash-4-hour-chart\"><strong>#WTICash 4 Hour Chart<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"977\" height=\"494\" src=\"\/wp-content\/uploads\/2023\/11\/image-66.png\" alt=\"support at  seven seven point two five and resistance at eight zero point seven zero , direction upwards      \" class=\"wp-image-73089\" title=\"wti-cash-four-hour-chart\"\/><\/figure>\n\n\n\n<p>Support: 77.25 (S1), 73.95 (S2), 69.65 (S3)<\/p>\n\n\n\n<p>Resistance: 80.70 (R1), 85.40 (R2), 89.20 (R3)<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"2000\" height=\"493\" src=\"\/wp-content\/uploads\/2023\/11\/image-67.png\" alt=\"\" class=\"wp-image-73090\" title=\"benchmark-14-11-2023\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1106\" height=\"620\" src=\"\/wp-content\/uploads\/2023\/11\/image-72.png\" alt=\"\" class=\"wp-image-73095\" title=\"table-14-11-2023\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1737\" height=\"1058\" src=\"\/wp-content\/uploads\/2023\/11\/image-68.png\" alt=\"\" class=\"wp-image-73091\" title=\"morning-releases-14-11-2023\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1230\" height=\"598\" src=\"\/wp-content\/uploads\/2023\/11\/image-70.png\" alt=\"\" class=\"wp-image-73093\" title=\"morning-releases-14-11-2023\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1733\" height=\"629\" src=\"\/wp-content\/uploads\/2023\/11\/image-71.png\" alt=\"\" class=\"wp-image-73094\" title=\"morning-releases-14-11-2023\"\/><\/figure>\n\n\n\n<p>If you have any general queries or comments relating to this article please send an email directly to our Research team at <a href=\"mailto:reseach_team@ironfx.com\">research_team@ironfx.com<\/a><\/p>\n\n\n\n<p>Disclaimer:<br>This information is not considered as investment advice or an investment recommendation, but instead a marketing communication. IronFX is not responsible for any data or information provided by third parties referenced, or hyperlinked, in this communication.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US CPI rates are due to be released today and are expected by market analysts to come in lower<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-73087","post","type-post","status-publish","format-standard","hentry","category-uncategorized","blog-category-financial-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>US CPI rates due as markets watch dollar and oil<\/title>\n<meta name=\"description\" content=\"US CPI rates are due today, influencing the dollar, EUR\/USD moves, and oil sentiment as markets assess data from the UK and global economies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ironfx.com\/en\/wp-json\/wp\/v2\/posts\/73087\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US CPI rates are due out today\" \/>\n<meta property=\"og:description\" content=\"US CPI rates are due today, influencing the dollar, EUR\/USD moves, and oil sentiment as markets assess data from the UK and global economies.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ironfx-cn.com\/en\/us-cpi-rates-are-due-out-today\/\" \/>\n<meta property=\"og:site_name\" content=\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-14T08:55:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-11T13:01:07+00:00\" \/>\n<meta name=\"author\" content=\"IronFX Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/en\\\/us-cpi-rates-are-due-out-today\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/en\\\/us-cpi-rates-are-due-out-today\\\/\"},\"author\":{\"name\":\"IronFX Team\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/en\\\/#\\\/schema\\\/person\\\/6727476356d10030d1564b38f6e699b1\"},\"headline\":\"US CPI rates are due out today\",\"datePublished\":\"2023-11-14T08:55:17+00:00\",\"dateModified\":\"2025-12-11T13:01:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/en\\\/us-cpi-rates-are-due-out-today\\\/\"},\"wordCount\":767,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/en\\\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/en\\\/us-cpi-rates-are-due-out-today\\\/\",\"url\":\"https:\\\/\\\/www.ironfx-cn.com\\\/en\\\/us-cpi-rates-are-due-out-today\\\/\",\"name\":\"US CPI rates due as markets watch dollar and oil\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/en\\\/#website\"},\"datePublished\":\"2023-11-14T08:55:17+00:00\",\"dateModified\":\"2025-12-11T13:01:07+00:00\",\"description\":\"US CPI rates are due today, influencing the dollar, EUR\\\/USD moves, and oil sentiment as markets assess data from the UK and global economies.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/en\\\/us-cpi-rates-are-due-out-today\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ironfx-cn.com\\\/en\\\/us-cpi-rates-are-due-out-today\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/en\\\/us-cpi-rates-are-due-out-today\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ironfx-cn.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"US CPI rates are due out today\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.ironfx-cn.com\\\/en\\\/\",\"name\":\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\",\"description\":\"&quot;Our Introducing Brokers program offers competitive conditions tailored to our partners&#039; needs. 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