Hot inflation is expected to continue at the producer price level (+0.8%/0.2% core expected) while traders will be looking to see if the US housing market can continue its signs of stabilization. Housing starts are expected to be essentially flat at an annual rat e of 540,000 units.
Having picked of topside stops at 1.3555 and above earlier today, you wonder whether downside stops below 1.3450 will be the next targets…
Central banks remain active on both sides of the market today, sucking volatility from the market…
