"Investor Anticipation: US Dollar Volatility Ahead of CPI Report"
TL;DR Summary
The US dollar traded cautiously ahead of the release of the January consumer price index statistics, with the market awaiting the potential impact on key financial assets. Gold prices lacked directional conviction, with resistance at $2,065 and support at $2,005. USD/JPY consolidated above support at 148.90, with resistance at 150.00 and a potential pullback towards 147.40. GBP/USD staged a moderate comeback, consolidating above the 1.2600 handle, with resistance at 1.2675 and support at 1.2565.
- US Dollar on Tenterhooks ahead of US CPI; Setups on Gold, USD/JPY & GBP/USD DailyFX
- Inflation expected to fall below 3% for the first time since March 2021 Yahoo Finance
- What to Watch in the CPI Report: Will Inflation Fall Below 3%? The Wall Street Journal
- Stocks steady, dollar up; investors brace for CPI Reuters
- What To Expect in the Markets This Week Investopedia
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