The euro in a double-top pattern
Today, the euro shows a double-top pattern against the CHF, which may be used by the bears if the pattern is confirmed.
Wait for the inflation data for the US
The USA will release the levels of CPI and core CPI on August 13, at 15:30 MT time.
Consumer prices represent the change in the price of goods and services purchased by consumers. They are an important part of overall inflation. Central banks rely on this data while making decisions concerning their interest rates. Last time, the headline CPI advanced by 0.1%. The core CPI, which excludes the prices for food and energy, rose by 0.3%.
• If the actual figures are higher than the forecasts, the USD will rise;
• If the actual figures are lower than the forecasts, the USD will fall.
Similar
Will the Australian job data support the AUD?
Australia will publish the level of employment change and the unemployment rate at 2:30 MT on November 14.
GBP/USD has risen by more than 90 pips
The remarks by Nigel Farage during the Brexit party's election event have sent the British pound higher…
Latest news
The euro in a double-top pattern
Today, the euro shows a double-top pattern against the CHF, which may be used by the bears if the pattern is confirmed.
Will the Australian job data support the AUD?
Australia will publish the level of employment change and the unemployment rate at 2:30 MT on November 14.
Market updates on November 12
The euro and the Australian dollar growing against the USD, the British pound in a correction after Monday's rise
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