Instrument: USDIDX
Bullish Preference:
Buy position is envisaged if price trades above 105.573 with take profit at 105.706
Bearish Preference:
Sell position is envisaged if price trades below 105.261 with take profit at 105/089
Fundamentals:
1:30pm
USD Core CPI m/m
USD CPI m/m
USD CPI y/y
USD Unemployment Claims
Comment:
The dollar meandered near a two-week low on earlier today ahead of U.S. inflation data that will help shape the Federal Reserve’s next policy steps, a day after the release of minutes from the Fed’s last meeting showed policymakers taking a cautious stance.
The dollar index, which measures the U.S. currency against six rivals, was at 105.69, broadly flat on the day, but not far from 105.305, its lowest since Sept. 25 touched earlier in the day.
September’s U.S. consumer price index data, which is expected to show inflation moderated last month, is due at 1:30 GMT. Keep your fingers crossed, make money, and contact your account managers with your testimonies.
Analysis: SCRUM Team
