All Eyes On U.S. CPI Report

Today’s focus will be on the U.S. inflation report, due for release at 13:30 GMT. A higher-than-expected reading could trigger a hawkish repricing of the Federal Reserve’s rate path and thus a stronger U.S. dollar.

Daily Forex and DAX Signals:

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Our trading ideas for today 12/12/23:

EUR/USD

Long @ 1.0810

Short @ 1.0735

GBP/USD

Long @ 1.2585

Short @ 1.2520

DAX® (GER40)

Long @ 16860

Short @ 16780

Settings for all trades today: Entries from 8:00 am UTC, SL 25, TP 40

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.