What´s fascinating nobody cares anymore about inflation picking up...equity markets almost at the point sell-off started a few days ago. Today´s U.S. CPI will be very important. To be honest, I expect the goldilocks scenario ! Did you realize that every time the U.S. needed a scenario like that - it has been confirmed by the bulge of data...
CPI will be in lin with expectations. Thus => stock rally to continue
I expect GBP/USD range trading. Upside band : 1.9750-1.9770. Lower Band : 1.9628. Crosses as almost every JPY cross is moving up.
Anyway the hero of today´s industriliazed G8 nations is Japan. They achieve one record current account and trade balance surplus after another. And as the political attention is on China, they are moving forward - almost uninterrupted. France´s Sarkozy has been the only one to complain about - but not loud enough it seems.
CPI will be in lin with expectations. Thus => stock rally to continue
I expect GBP/USD range trading. Upside band : 1.9750-1.9770. Lower Band : 1.9628. Crosses as almost every JPY cross is moving up.
Anyway the hero of today´s industriliazed G8 nations is Japan. They achieve one record current account and trade balance surplus after another. And as the political attention is on China, they are moving forward - almost uninterrupted. France´s Sarkozy has been the only one to complain about - but not loud enough it seems.
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