All Eyes On U.S. CPI

Traders await the U.S. inflation data today at 13:30 UTC.

If CPI data shows a softening in inflation, it would be a stronger case for a smaller 25bp rate hike at the Fed’s next meeting in February. Nonetheless, Fed officials expect rates to remain above 5 percent for a long time- something the markets refuse to believe.

Our trading ideas for today 12/1/23:

EUR/USD

Long @ 1.0780

Short @ 1.0715

GBP/USD

Long @ 1.2180

Short @ 1.2130

DAX® (GER40)

Long @ 15010

Short @ 14930

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Disclaimer: All trading ideas and expressions of opinion made in the articles are the personal opinion and assumption of MaiMarFX traders. They are not meant to be a solicitation or recommendation to buy or sell a specific financial instrument.

We wish you good trades!

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