EUR/USD reached a new peak of 1.1286 1.1295, above the previous high of 1.1284. The next level is very close: 1.13, the high seen on election night in the US. Above 1.13, we will already be at levels seen only in September 2016 – a 9-month high. The resistance levels to watch are 1.1360 which [...]
The post EUR/USD at a new 7-month high following the terrible US data appeared first on Forex Crunch.
If we look at the big sell-off in the dollar, the answer to the question in the headline is a definite YES. Retail sales and inflation data are undoubtedly top-tier figures. However, when the data is released on Fed-day, the reaction is usually muted. Not this time. The drop in core inflation to 1.7% is [...]
The post Will the FED change its mind? USD could crash appeared first on Forex Crunch.
The US reports inflation and retail sales numbers on the day the Fed makes its all-important decision. Core CPI was expected to rise at 1.9% y/y, the same as in April (before revisions). Retail sales carried expectations for +0.1% after 0.4% last month. The US dollar was stable ahead of the publication, basically awaiting the [...]
The post US core CPI falls to 1.7% – USD follows appeared first on Forex Crunch.
