US data is back to hurting the US dollar. For EUR/USD, the correction seems to be over. What’s next? Here is their view, courtesy of eFXnews: CIBC Research comments on today’s US July CPI data Inflation data noticing that it missed a bit to the low side of consensus, with 0.1% gains in both headline and core prices seasonally adjusted. “That took the 12 month headline rate up a tick to 1.7%, but left core inflation unchanged (matching consensus) at 1.7%. Lately, core PCE hasn’t been tracking as much below core CPI as it had earlier, so we’re not necessarily miles below the 2% core PCE objective. But we’re going to need a few 0.2% monthly gains in core prices to stay on track for our projected Fed hike in December. The soft monthly numbers (helped by a drop in autos) should be supportive for fixed income and negative for the US$,” CIBC adds. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next Is EUR/USD still overbought? Yohay Elam 6 years US data is back to hurting the US dollar. For EUR/USD, the correction seems to be over. What's next? Here is their view, courtesy of eFXnews: CIBC Research comments on today's US July CPI data Inflation data noticing that it missed a bit to the low side of consensus, with 0.1% gains in both headline and core prices seasonally adjusted. "That took the 12 month headline rate up a tick to 1.7%, but left core inflation unchanged (matching consensus) at 1.7%. Lately, core PCE hasn't been tracking as much below core CPI as it had earlier, so we're not necessarily… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
