CNBCs Steve Leesman, commenting on the markets said on Friday, “If you are not confused, you’re not paying attention”.
There is a lot of confusion in the market, and even at the Fed. The CPI inflation released this week, added some added confusion as it was a little more hefty than recent months. There still is some hope, however, the the shelter component saves the day.
The impact is for volatile, up and down markets. When the markets are like that, technicals help to take some of the uncertainty out of the price action.
- EURUSD, 7:20
- USDJPY, 12:20
- GBPUSD, 16:00
- USDCHF, 18:55
- USDCAD, 22:05
- AUDUSD, 24:42
- NZDUSD 26:58
This article was originally published by Forexlive.com. Read the original article here.