The DXY has stabilised for now over 90 and Governor Brainard Speech brought some clarity on with him mentioning that employment and inflation are still far from their goals.

Key points of the speech:

  • Risks remain from vaccine hesitancy, deadlier variants, and a resurgence of cases in some foreign countries.
  • The latest jobs report is a reminder that the path of reopening and recovery—like the shutdown—is likely to be uneven and difficult to predict
  • Basing monetary policy on outcomes rather than the outlook will serve us well.

Key points to consider for tonight’s data coming out at 20:30 GMT+8 time zone:

  • US CPI m/m (%)
  • 0.2% Forecast 0.6% Previous
  • US Core CPI m/m (%)
  • 0.3% Forecast 0.3% Previous
  • US Core CPI y/y (%)
  • 2.3% Forecast 1.6% Previous
  • US CPI y/y (5%)
  • 3.6% Forecast 2.6% Previous

US index 12 05 2021

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By Scott Andrews

Scott Andrews is an Australian based trend and swing trader using the daily, 4 hour and 1 hour time frames. He has previously worked in China as a performance coach for their Winter Olympic Team at the time refining his trading skillset. and runs a YouTube channel discussing his thoughts on markets as well as being the Account Manager (Australia) for ForexBriefcase. Recently Scott took on the role as Trading Coach for LCMS Traders.

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