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EUR/USD Outlook: Rally After US CPI Surprise, Retail Sales in Focus

Started by forex4you, Oct 15, 2022, 06:03 am

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Oct 15, 2022, 06:03 am
EUR/USD Outlook: Rally After US CPI Surprise, Retail Sales in Focus

US inflation stays stubbornly high, increasing by 0.4% last month. Markets are pricing in a 13.4% possibility of a 100bps Fed rate hike. The price has pushed above the 30-SMA in the charts, signalling the return of bulls. Today’s EUR/USD outlook is bullish as the dollar dropped versus most currencies after surging yesterday in response … Continued


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