Managing USD Expectations with EUR/USD, USD/CAD (but not USD/JPY)
For the second day in a row the European economic calendar was particularly barren, but event risk traders will find solace in several potentially market moving data releases out of the United States this morning.
Crude Looks To US Inventories, Gold Suffers As Safe-Haven Demand Ebbs
WTI may be set for a volatile session with US inventories data on tap, while gold and silver remain vulnerable as traders look past elevated geopolitical tensions.
EUR/USD Risks Further Losses on Sticky U.S. CPI; 1.3450 on Tap?
The EUR/USD may face a further decline over the next 24-hours of trading should the U.S. Consumer Price Index (CPI) undermine the Fed’s dovish tone for monetary policy.
US Dollar May Rise on Fed Bets as June Inflation Data Tops Forecasts
The US Dollar is likely to rise amid firming Fed policy speculation if June’s US inflation data tops economists’ consensus forecasts.
Dollar: Can US CPI Break Greenbacks Technical Boundaries?
The Dow Jones FXCM Dollar Index (ticker = USDollar) was nudged higher this past session, but the move clearly lacked the belief we would expect from a commitment from bulls. Similar hesitation is seen from EURUSD at 1.3500, GBPUSD at 1.7000 and AUDUSD above 0.9300.