USD INFLATION!FUNDAMENTALS-
the ONLY "Major" news we have this week is the USD inflation data on Wednesday 8/11 @ 8:30AM est ...
Now we've seen what NFP has done already. Dollar soared because bloomberg revised down the expectations due to a poor ADP, (check 2 post ago), but NFP wasnt bad.
Now i can see US inflation CPI data to continue it's trend of coming in WAYYY over expectations!
TECHNICALS - 12Hr W on NZD & there's also more room to grow on the DXY. I can see NZD testing the bottom of the range for ANOTHER test then.
FUNDAMENTAL SIDENOTE - NZD RAISES RATES NEXT WEEK FROM .10% TO .25% .. SO U MIGHT WANNA REALLY GET RRADY TO BUY IT AFTER THE SELL OFF
STOP .693 - I FORGOT TO EDIT THAT PART IN ! :(
