Dollar Weakening After Yesterday’s US CPI: Focus on Today’s US Indicators for Confirmation
Market Commentary: Following yesterday’s US CPI release, the USD is trending lower. Despite significant volatility immediately after the CPI announcement, which resulted in the closing of many USD short positions, the current trend favors USD weakness. Presently, the only open position is a long on BTC/USD. Market Update: USD/JPY: Fell from the 156-yen range to […]