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Last week, the U.S. June Consumer Price Index (CPI) and Producer Price Index (PPI) were released. The June CPI was lower than expected, but the PPI exceeded expectations. However, the market received this positively, as the details of the PPI and core PPI suggest that inflation is actually slowing down. The easing of inflation, following Fed Chairman Powell's testimony before Congress, has raised expectations for a rate cut in September. Meanwhile, it is expected that the ECB will also make further rate cuts if the CPI results show stability.
- On July 16, Fed Chairman Powell's speech and the U.S. June retail sales will be announced.
- On July 17, the Eurozone June Consumer Price Index will be released.
- On July 18, the Eurozone Monetary Policy Meeting will be held.
The EUR/USD has been sharply rising, reaching the vicinity of its high. It is currently expected to fall to the 1.04500 line, where the lower support line is located, due to the resistance at the upper level.
In summary, it is expected to fall to the 1.04500 line after facing resistance in the 1.09000-1.09100 range.
Conversely, if it breaks through the high range, the high will open up to the 1.12000 line, necessitating a new strategy. If that happens, we will quickly revise our strategy.
Please share your personal opinions in the comments. Don't forget to like and subscribe.
Last week, the U.S. June Consumer Price Index (CPI) and Producer Price Index (PPI) were released. The June CPI was lower than expected, but the PPI exceeded expectations. However, the market received this positively, as the details of the PPI and core PPI suggest that inflation is actually slowing down. The easing of inflation, following Fed Chairman Powell's testimony before Congress, has raised expectations for a rate cut in September. Meanwhile, it is expected that the ECB will also make further rate cuts if the CPI results show stability.
- On July 16, Fed Chairman Powell's speech and the U.S. June retail sales will be announced.
- On July 17, the Eurozone June Consumer Price Index will be released.
- On July 18, the Eurozone Monetary Policy Meeting will be held.
The EUR/USD has been sharply rising, reaching the vicinity of its high. It is currently expected to fall to the 1.04500 line, where the lower support line is located, due to the resistance at the upper level.
In summary, it is expected to fall to the 1.04500 line after facing resistance in the 1.09000-1.09100 range.
Conversely, if it breaks through the high range, the high will open up to the 1.12000 line, necessitating a new strategy. If that happens, we will quickly revise our strategy.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.