| The USD moved lower after the US CPI data. The CPI showed a headline increase of 0.1% for the headline and 0.4% for the core. The Shelter costs continue to elevate the core measure (accounts for 1/3 of CPI data). It increased by 0.6%. Traders and analysts continue to look for lower shelter costs to start to kick in. Nevertheless, the numbers has lowered yields and pushed up stock prices. The USD has moved lower. In this video, I take a technical look at the EURUSD, USDJPY and GBPUSD. Below are the start times for the analysis. - CPI details to 2:28 - EURUSD. 2:28 --USDJPY 4:24 - GBPUSD 6:29 |
Founded in 2008, ForexLive has been the go to source for both professional and retail traders from around the globe. Our core belief is that all traders want relevant and succinct trading information, and we deliver it 24 hours a day.
Tags: Featured,newsletter
