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:
Long @ 1.0780
Short @ 1.0715
Long @ 1.2180
Short @ 1.2130
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.
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