Euro (EUR) Outlook: EUR/USD Remains in Thrall to Upcoming US Inflation Data
With little Euro Area data out for the rest of the week, Euro pairs will be driven by external influences, including today’s US inflation report.
With little Euro Area data out for the rest of the week, Euro pairs will be driven by external influences, including today’s US inflation report.
Gold prices, Treasury yields, the U.S. dollar and the Nasdaq 100 will be quite sensitive to the December U.S. inflation report, as consumer price data can guide the Fed's next policy moves and the timing of the first interest rate cut.
This article focuses on the technical outlook for EUR/USD, GBP/USD and the Nasdaq 100, analyzing market sentiment and price action dynamics ahead of upcoming U.S. inflation data.
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Outlook on FTSE 100, Nikkei 225 and S&P 500 ahead of key US inflation data.
The Australian dollar rose after the monthly CPI indicator revealed lower then expected inflation for November. However, services inflation remains a concern for the RBA
With little of note on the economic calendar today, the US dollar is in a holding pattern ahead of Thursday’s US inflation report. USD-pairs remain listless ahead of the data.
The December U.S. inflation report, due for release on Thursday, is poised to provide clarity on the Fed's monetary policy outlook, helping guide the near-term trajectory of both gold prices and USD/JPY