Position update:
๐น Bought USD/CHF @ 0.9146
๐น Stop loss @ 0.9093
The U.S. CPI came in higher than expected, with the headline index rising 0.5% MoM and the core index up 0.4% MoM. This clearly indicates that disinflation has not progressed, further dampening expectations for additional Fed rate cuts.
In the short-term money markets, the first rate cut has now been pushed back from September to December.
๐ Market reaction: USD buying momentum strengthening.
This post is Half of all our entry and 5 mins late.
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