Both EUR/USD and GBP/USD were little changed Tuesday with the focus today turning to the U.S. Consumer Price Index (CPI) scheduled for release at 12:30 UTC. Market participants expect a mixed picture in the data while the key focus will be on whether a softer core inflation will be sufficient for the Federal Reserve to keep interest rates on hold.
Traders anticipate increased volatility around the CPI release.
Daily Forex and DAX Signals:
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Our trading ideas for today 13/9/23:
Long @ 1.0675
Short @ 1.0725
Long @ 1.2515
Short @ 1.2440
Long @ 15660
Short @ 15580
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