It’s a quieter week on the economic calendar this week and as I shared at the beginning of this webinar, that can put more emphasis on price action and technical analysis. There is one major item, however, with the release of US CPI data for the month of July. This was a big push point last month when headline CPI came in at a flat 3.0%, which led into a quick breakdown move in the US Dollar. This caused breach of a massive support level in DXY and as I stated in the webinar the week after, the big test was whether bears came into defend lower highs in order to continue that trend. They haven’t, and the FOMC and ECB ... (full story)