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Key Points
- The U.S. June CPI came in at 2.7%, matching market expectations, while core CPI was 2.9%, slightly below the expected 3.0%. Overall, the figures were in line with forecasts, but the prices of essential goods rose. Companies appear to be gradually passing on the rising import costs to consumers, indicating that the effects of tariffs are starting to filter through.
- U.S. President Trump announced a trade agreement with Indonesia, under which Indonesia will pay a 19% tariff on all exports to the U.S., while U.S. exports to Indonesia will be exempt from tariffs.
- President Trump also granted a 50-day grace period on sanctions against Russia.
Major Economic Events This Week
+ July 15: U.S. June Consumer Price Index (CPI)
+ July 16: U.K. June CPI, U.S. June Producer Price Index (PPI)
+ July 17: Eurozone June CPI
AUDUSD Chart Analysis
The pair continues a modest upward trend along the channel. As previously mentioned, a move toward the 0.69000 level is expected. However, there may be a brief pause around the 0.67000 resistance zone. This pullback is likely to be minor, and in the longer term, the 0.69000 level remains a potential target.
Please feel free to share your personal thoughts in the comments. Don't forget to like and subscribe!
Key Points
- The U.S. June CPI came in at 2.7%, matching market expectations, while core CPI was 2.9%, slightly below the expected 3.0%. Overall, the figures were in line with forecasts, but the prices of essential goods rose. Companies appear to be gradually passing on the rising import costs to consumers, indicating that the effects of tariffs are starting to filter through.
- U.S. President Trump announced a trade agreement with Indonesia, under which Indonesia will pay a 19% tariff on all exports to the U.S., while U.S. exports to Indonesia will be exempt from tariffs.
- President Trump also granted a 50-day grace period on sanctions against Russia.
Major Economic Events This Week
+ July 15: U.S. June Consumer Price Index (CPI)
+ July 16: U.K. June CPI, U.S. June Producer Price Index (PPI)
+ July 17: Eurozone June CPI
AUDUSD Chart Analysis
The pair continues a modest upward trend along the channel. As previously mentioned, a move toward the 0.69000 level is expected. However, there may be a brief pause around the 0.67000 resistance zone. This pullback is likely to be minor, and in the longer term, the 0.69000 level remains a potential target.
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cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.