What´s fascinating nobody cares anymore about inflation picking up...equity markets almost at the point sell-off started a few days ago. Today´s U.S. CPI will be very important. To be honest, I expect the goldilocks scenario ! Did you realize that every time the U.S. needed a scenario like that - it has been confirmed by the bulge of data... CPI will be in lin with expectations. Thus => stock rally to continue I expect GBP/USD range trading. Upside band : 1.9750-1.9770. Lower Band : 1.9628. Crosses as almost every JPY cross is moving up. Anyway the hero of today´s industriliazed G8 nations is Japan. They achieve one record current account and trade balance surplus after another. And as the political attention is on China, they are moving forward - almost uninterrupted. France´s Sarkozy has been the only one to complain about - but not loud enough it seems.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1503661> use with xtrem care... could be very very wrong gl
Cable will hold bullish side today...seems will renew the HIGH, but will form star candle at the day/chart....MA55(D/chart) to control him today... GL