Despite the Fed's comments on tapering, the USD weakened…
USD after inflation, BOC meeting / Trade ideas for July 14
Traders were shocked by the US inflation figures and now await the testimony of the Fed’s Chair Jerome Powell. The NZD jumped after the RBNZ meeting, while the CAD awaits the meeting of the Bank of Canada. JPMorgan and PepsiCo reported earnings. Watch the video to get trade ideas for EUR/USD, USD/JPY, NZD/USD, USD/CAD, XAU/USD, and oil!
S&P 500 made a strong close on Monday as traders await earnings reports of the largest US companies.
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Crude Oil inventories report will help all energies to gain volatility and choose a direction | Gold is falling, but there is possible long entry | October 27
Gold strengthens as inflation concerns keep rising…