USD Strength as Gold, EUR/USD Pull Back Ahead of CPI

From forex.com

video I’m not one to make a big deal out of a single data print but at this point it seems as though there’s a lot of importance in tomorrow’s CPI print. So far this year there’s been an element of stall or entrenchment with Core PCE which increased for the first time in over a year at its last read on September 27th. That helped to bring a pullback in the USD last week which was hastened on Friday behind a really strong NFP report. On the below chart, I have headline and core CPI along with Core PCE and notice the blue line (headline CPI) as the data point that’s been falling rapidly of late. Last ... (full story)