The Dollar is waiting for inflation stats

12 january 2022 74
Ivan__Titov
Ivan__Titov

Listed among the best MarketCheese authors
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The interest rate hike at the end of December offered extra support to the Pound, and GBPUSD managed to bounce up from its year-long minima. But by now the ascendance has slowed down, and the RSI is signalling that the pair is overbought. Today’s publication of US inflation data can unleash another period of growth and bring GBPUSD to 1.3415.

Ivan__Titov
Ivan__Titov

Listed among the best MarketCheese authors
1st in the segment "Metals"
2nd in the segment "Oil and gas"
3rd in the segment "Indices"
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