#EURUSD @ 1.10422 : Hot US CPI outcome could delay a test of 1.11 – SocGen
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
EUR/USD holds above 1.10. But a push to the 1.11 mark might be delayed on strong US inflation data this week, economists at Société Générale report.
“The paltry 0.2% gain so far in May pegs the single currency at the bottom end of G10 ranking. Rate differentials have proved more static for the Euro compared to the Dollar bloc which explains the flat performance of the currency.”
“The tactical outlook has become more symmetric after the oneway traffic since mid March.”
“If we get a hot US CPI outcome this week, then doubts of a Fed pause in June will inevitably intensify and could delay a test of 1.11.”
[/s2If]
Nehcap Expert Advisor
The NEHCAP MT4 EA is high quality professional trading system geared to generate returns without using GRID or martingales. Each trade has strict risk per trade parameter. The pairs under management include EURUSD, GBPUSD, AUDCAD, AUDNZD,GBPAUD, EURAUD, EURCAD, CHFJPY and many more.
The system is trading live: LIVE ACCOUNT TRACKING
You can run it free. Apply for a free trial and track our account. Buy the system or use profit share mechanism to generate returns on your MT4.
Join Our Telegram Group
