US DOLLAR FUNDAMENTAL FORECAST: NEUTRAL
USD gives back post-CPI gains into the weekend
Downbeat retail sales fogs Fed taper talk expectations
Upcoming FOMC may provide next shift for US Dollar
A much hotter-than-expected consumer price inflation (CPI) print roiled markets and saw a wave of strength carry the Greenback higher last week. However, a softer-than-expected retail sales print sapped strength into the weekend. An uptick in consumer inflation expectations through the University of Michigan’s consumer confidence survey did little to revive the USD.
There's a high possibility we might see some more decline back to (89.0) for a retest before price move long.
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USD gives back post-CPI gains into the weekend
Downbeat retail sales fogs Fed taper talk expectations
Upcoming FOMC may provide next shift for US Dollar
A much hotter-than-expected consumer price inflation (CPI) print roiled markets and saw a wave of strength carry the Greenback higher last week. However, a softer-than-expected retail sales print sapped strength into the weekend. An uptick in consumer inflation expectations through the University of Michigan’s consumer confidence survey did little to revive the USD.
There's a high possibility we might see some more decline back to (89.0) for a retest before price move long.
If you find this helpful and want more FREE Updates on TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
1_GFX English Support Team ❤️