EUR/USD Price, Chart, and AnalysisEUR/USD is trapped in a tight range.Core US y/y inflation is expected to nudge higher.
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The US Bureau of Labor Statistics…
U.S. DOLLAR ANALYSIS & TALKING POINTSUS CPI: Headline – 5%; EST: 5.2%US CPI: Core – 5.6%; EST: 5.6%FOMC Minutes in focus later today.Money markets exhibit dovish re-pricing minimizing the chance of a rate hike in June.
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FED MINUTES KEY POINTS:Fed minutes stress the need for monetary policy flexibility in light of recent eventsPolicymakers lower their expectations for the FOMC terminal rate in response to last month's banking sector turmoilThe U.S. dollar…
The S&P 500 is forming a reversal pattern on the 1-hour chart!
Will this lead to the end of a short-term uptrend?
As you can see on the 1-hour chart, the stock index has been in an uptrend since mid-March when concerns over the…