U.S. Dollar Lower Post CPI
The U.S. inflation report for December came in as expected at 6.5 percent, down from November’s 7.1 percent result. Treasury yields and the U.S. dollar turned lower.
The euro broke above 1.08 against the dollar while the DAX held above the crucial 15000-mark.
We had some good results in the EUR/USD and DAX this trading week. We remind you to save some weekly profits today. The only problem child was the cable which remains in the red for now.
We wish you a beautiful weekend.
Our trading ideas for today 13/1/23:
EUR/USD
Long @ 1.0875
Short @ 1.0815
GBP/USD
Long @ 1.2235
Short @ 1.2175
DAX® (GER40)
Long @ 15120
Short @ 15040
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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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