The Euro remains supported against the Dollar by interest rate forecasts as a key clue to that thesis approaches

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The US dollar remains under pressure ahead of the latest inflation report with markets pricing in a subdued reading. Will today’s CPI release confirm this optimism?

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Gold has been benefitted from the recent dollar selloff ahead of key US CPI data. XAU/USD currently tests the key $1880 handle.

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The Japanese Yen rose after a developing story hinted at a further Bank of Japan policy tweak. Still, USD/JPY remains above support and may stay there until US CPI data passes.

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We will soon trade anticipation for fundamentally-driven action. The CPI release is due before the US open, and traders are clearly well-aware of the indicator’s recent history of invoking volatility. Will this release resolve our lack of trend and persistent volatility crush or will the attention turn immediately to bank earnings?

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