The US Dollar rose after a red-hot US CPI report bolstered Fed rate hike bets. The daily price is testing the bullish triangle pattern with resistance level at 109 to above for the strong daily bullish trend to be continuing. more...
Event Risk for the Week: UK unemployment, CPI Inflation. UK focused data appears via unemployment data followed by the unavoidable CPI inflation print which is expected to rise to 9.3% for June. The Bank of England still anticipates that inflation will hit double digits before peaking. more...
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