US Dollar (DXY) Treading Water as US CPI Data Nears, Volatility Subdued for Now
US Dollar (DXY) Price and Chart Analysis Are markets too optimistic ahead of today’s CPI release? Technical support for the US dollar looks fragile. Recommended by Nick Cawley Download our brand new USD forecast A range of financial markets remain risk-on ahead of the latest US inflation report which is expected to show price pressures […]
GBP/USD is subdued around 1.2200 after printing a four-week high
US Consumer Sentiment improved, while inflation expectations edged lower. UK’s GDP for the fourth quarter contracted and flashed a gloomy economic outlook. GBP/USD traders are eyeing UK CPI, Retail Sales, and US Retail Sales data. The Pound Sterling (GBP) slid slightly vs. the US Dollar (USD) Friday, following the release of the University of Michigan […]
Dollar Subdued Ahead of CPI!
The DXY made a seven-month low as the EURUSD made major advances. China’s re-opening has aided risk assets as Gold continued to climb higher. In addition, Fed Chair Jerome Powel is due to speak later today as traders look for his thoughts on monetary policy in the future. Timestamps DXY 01:45 EURUSD 03:05 The post […]