up high for the day at 1.0727 and has gained 0.4% so far following a rally from the Asian lows of 1.0655 within a 93 pip Average True Range .
Bowman rounded off by saying that a very strong labour market alongside moderating inflation meant a so-called economic 'soft landing' remains possible. On the other side of the narrative, analysts at TD Securities said ''TD anticipates a dovish CPI report this week, underscoring the prospects that the recent pain trade starts to reverse.''
In a short squeeze, the price has burst into a new 100-pip box on the upside but this could just be a momentary pause and correction before the next major move lower.While on the front side of the trend, there are p[prospects of a move lower to test the 1.0600 level for the day ahead.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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