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It is all concerning the US CPI information as we speak however it is a market that’s wanting a softer quantity, if the current greenback and danger temper is something to go by. EUR/USD is staying extra tentative upon its newest breakout try above 1.0700 with AUD/USD additionally cautious in making its manner in the direction of the 0.7000 mark. In the meantime, the S&P 500 has steadily climbed as much as be inside vary of its 200-day shifting common and key trendline resistance as soon as once more:
The query now’s, will the inflation numbers assist kick these performs into second gear as the brand new yr will get underway?
What are your views in the marketplace proper now? Share your ideas/concepts with the ForexLive group right here.
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