Risk Rally on Inflation Optimism inflation InflationReductionAct USA forexnews tradingnews ForexMarket
Get DailyForex analysis to your emailMarkets revert to risk-on mode and show gains by stocks and other risky assets ahead of tomorrow’s US CPI data release.Stocks and risk assets are rising as markets move back into risk-on mode as optimism over tomorrow’s US CPI print takes hold. Markets are expecting annualized US inflation to decline from 7.1% to 6.5%. rising to an 8-month high above $1884. is also bullish, but less so.
These assets are attractive to long-term trend traders in the long direction right now, as higher prices here are likely over the coming days. In the Forex market, we currently see more in-trend movement in the major currency pairs, especially in which is just a few pips off a new 7-month high above $1.0750. The strong long-term technical trend against the US Dollar remains, The price
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