Trading Plan – Monday 10th July 2023: Big falls expected in US inflation

Mark NugentJuly 2023, Trading Plan

Trading Plan – Monday 10th July 2023: Big falls expected in US inflation

Good morning.

The week has begun quite quietly. Equities are static after last week’s drop. Movements in forex are modest.

The highlight of this week is US inflation on Wednesday. We have core and headline CPI on a year-on-year and month-on-month basis. Markets are expecting reasonably big falls from the prior (May) numbers in three of the four inflation measures. That leaves plenty of room for disappointment if the numbers come in higher than the expectation. That would hit equities and boost the USD.

I will be back on Wednesday after the US CPI numbers have been released.

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