$EURUSD Forex Signal: Euro is Still Ripe for a Bearish Breakout - Get the full signal here:
FOMC minutes and US inflation data
Economists expect the data to show that the headline PPI rose from -0.1% to 0.2% in September. On a year-on-year basis, analysts expect that the PPI dropped from 8.7% to 8.4%. The EUR/USD pair will react to the upcoming Federal Open Market Committee minutes that will come out on Wednesday. These minutes are expected to show that the bank will continue hiking interest rates in the coming months. Economists believe that the bank will hike rates by 75 basis points in November followed by 0.50% in December.
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