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CKby u/chen_kThailand·3hAnalysis

USDX steady, but CPI next week has me cautious on $EURUSD

Watching the $USDX hover around 25.58 today, showing some resilience after yesterday's slight dip. It's not a huge move, but the market feels like it's holding its breath a bit. My main focus isn't really today's minor fluctuations, but rather next week's CPI print. We've seen how quickly sentiment can shift on inflation data, and with the Fed's stance still somewhat ambiguous on future rate moves, a hot number could easily put upward pressure back on the dollar. Conversely, a soft print might give the doves more ammunition, weakening the dollar.

For now, I'm keeping my powder dry on $EURUSD. While the pair has been range-bound for a while, the CPI could be the catalyst that breaks it one way or another. Leaning towards fading any strong moves until we see that data. Just seems prudent given the current macro landscape.

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