USD Strength, EUR/USD, Gold Pullbacks Ahead of CPI

Tomorrow’s US CPI print could be a big deal for risk trends as headline CPI seems to be the data point that the Fed is using to justify their dovish policy stance. Since the rate cut, we’ve had a strong Core PCE report and a strong NFP report, helping to drive a large move of USD-strength that’s impact major FX pairings. The expectation for headline CPI tomorrow is at 2.3% which would keep the Fed on track to cut by 25 bps at each of their next two meetings while retaining a dovish posture into and through 2025.
In the video, I go over USD, USD/JPY, EUR/USD and Gold with strategy ideas around tomorrow's CPI release.
This is following up to the setups looked at in yesterday's webinar, which can be found from the following link: www.youtube.co...
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