The upcoming August inflation data may send mixed signals. The 12-month headline inflation rate is expected to rise to 3.6%, causing concerns for the Biden administration. However, core inflation, which excludes food and energy prices, is projected to decrease to 4.3%, aligning with the Federal Reserve's goals. Past price trends influence both figures, so looking at recent data for a more accurate picture is crucial.
NZD/USD can get even higher
2019-11-11 • Updated
TP1 0.6825 TP2 0.69 TP3 0.7055
On the daily chart, bulls managed to lead NZD/USD outside of the downtrend channel. They are ready to trigger the “Shark” with 88.6% and 113% targets. To do that, they need to conquer resistance at 0.6710 and return the pair inside the previous consolidation range of 0.6710-0.6850.
On H1, NZD/USD reversed up helped by the “Three Indians” pattern. To confirm their success, bulls need to trigger and form the “Widening wedge”.
The odds of a final interest rate hike by the US Federal Reserve (Fed) this year have dropped after US job openings hit their lowest levels since early 2021. This has led to a correction in the US Dollar as traders reduced their bets on further rate hikes.
Here we go again, my friends. It’s time to look critically into the future of what trading opportunities September might have in store for us. As always, it is essential to note that the views expressed here are mine and should not be considered financial advice without proper examination.
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