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NZD/USD Support Zone In Play Ahead Of CPI
Welcome to Week 29, 2025! The action is off and rolling on Wall Street, although not much is happening. At press time, US stocks are nearly flat. The big movers have been WTI crude oil (-2.19%) and the GBP/USD (-0.42%). All in all, it’s been a challenging session for retail traders.
The best thing about the markets is that something is always about to happen. That’s what we are faced with today; Tuesday brings the release of the latest inflation data. US CPI is due out at 8:30 AM EST. Be sure to join us for CPI Live beginning at 8:20 AM EST!
Unfortunately for consumers, analysts are projecting another uptick in pricing. Core CPI is expected to grow by 0.3%, well over the 0.1% for the previous month. Core CPI will be the headliner; CPI is also anticipated to rise, largely as a result of summer-month fuel prices. If we see another round of hot inflation data, the September Fed rate cuts will be in jeopardy. Stay tuned, this is a dynamic situation!
Here is a level worth watching in the NZD/USD:
Monthly 38% Fibonacci Retracement, 0.5877
Be sure to check out our Key Levels for more information on this Trade Idea. Mondays are ideal for game planning the week ahead. Inflation will be the number one market driver for this week…trade CPI and PPI well!
That’s a wrap for now. We’ll see you tomorrow at CPI Live!
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