Today, investors are looking forward to the CPI data since we used to see fluctuations in the markets every time the data was released; the CPI in the previous year ranged between 3.7% at the highest and 3% at the lowest.
If it remains within the same range, we would expect no significant changes; nevertheless, any number above 3.7% or below 3% will cause significant www.tradingview...chart/UctofC4T/?symbol=TVC... movement, especially since the stock markets are trading near their peak.
According to the following chart, the US dollar index has been trading lately between a resistance level of 107.4 and 100.7 as a support level since the end of 2022, so the coming CPI reading will give us a clear indication about the Fed's coming decisions regarding the monetary policy.
If it remains within the same range, we would expect no significant changes; nevertheless, any number above 3.7% or below 3% will cause significant www.tradingview...chart/UctofC4T/?symbol=TVC... movement, especially since the stock markets are trading near their peak.
According to the following chart, the US dollar index has been trading lately between a resistance level of 107.4 and 100.7 as a support level since the end of 2022, so the coming CPI reading will give us a clear indication about the Fed's coming decisions regarding the monetary policy.