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Jun 28 - 02:36 PM
EUR/USD - Muted U.S. Inflation Fails To Inspire Bulls
First appeared on eFXplus on Jun 28 - 08:40 AM
  • Core PCE m/m 0.2% as forecast, y/y 1.6% as f/c, inflation stays anemic
  • Personal income above forecast, consumption in-line with expectations
  • Core PCE is Fed's key inflation indicator, Fed inflation concerns could grow
  • EUR/USD reaction is limited, lifts toward 1.1385, mkt focused more on G20
  • Growing option plays helping to temper price action as well
  • Techs are bullish; RSIs rise, 200-DMA supports, consolidation phase intact

chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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