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SWby u/swang·7hAnalysis

US CPI coming up, looking at EURUSD reaction

With the US CPI numbers due out tomorrow, I'm watching the $EURUSD pair pretty closely. Recent commentary from some Fed governors has been a mixed bag – some hinting at a more patient approach, others still pushing the 'higher for longer' narrative. Depending on how that core number prints, we could see a decent swing.

My primary concern is a hotter-than-expected print cementing the hawkish view, potentially pushing the DXY higher and pressuring $EURUSD further. On the flip side, a cooler number might give some breathing room, but I'm skeptical it would be enough to trigger a significant reversal just yet. Just keeping it on the watchlist for now, no immediate moves planned.

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1 Comments

BSu/bsantoso·7h

Yeah, it's definitely a tricky setup with the mixed signals from the Fed. I'm curious if you're leaning more towards a continuation of the recent range if it's in line, or if you're expecting a breakout regardless of the number?

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