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US CPI preview: It's all about +0.3%
The highlight of the trading week is undoubtedly Thursday's US CPI report. Earlier today I wrote about what's expected for the July US CPI report but that's not the same as trading it.The short version is that on both core and headline, the consensus is +0.2% m/m. If there's a reading of +0.1% or lower, the trade is straight-forward: Buy risk assets. Yields will fall, equities will rise and the dollar will slide.Where it gets trickier is on the upside. The inclination is to do the opposite if w...
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Posted: Aug 9 2023, 20:51
Author Name: forexlive
Views: 022234