Yesterday, USD weakened against most major currencies except EUR.

The CPI m/m data released yesterday indicated that inflation in May rose to the fastest pace since August 2008.

  • CPI m/m (Actual: 0.6%, Forecast: 0.4%, Previous: 0.8%)
  • Core CPI m/m (Actual: 0.7%, Forecast: 0.5%, Previous: 0.9%)

The Preliminary UoM Consumer Sentiment data (Forecast: 84.1, Previous: 82.9 revised from 82.8) will be released later at 2200 (GMT+8).

Day 1 of the G7 meetings will be held today. During this time, there may be volatility in the market. Also, day 2 and 3 of the meetings will be held over the weekend.


Be sure to follow me on Twitter at @jdtai and on TradingView at Jin_LCMSTraders for my latest post!

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By Jin Dao Tai

JinDao Tai is an Entrepreneur, Award-Winning Forex Coach & Trainer, International Speaker and Multi-Million Dollar Trader. Starting out his career as an economic & financial consultant in Australia, one day he decided to change his life and pivoted into multiple entrepreneurship endeavours and eventually into managing a multi-million dollar portfolio.

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