The “Inflation Reduction Act” will be inflationary!
Richard Matthews from Pardus FX meets with Blake Morrow to discuss the #forex market this week as we turn our attention to the CPI data, which may be the most important data of the week! Richard believes the Inflation Reduction Act will be “inflationary” and he will look to buy the USD on a pullback.
He doesn’t think the EURUSD can get back to 1.0350 and may look to short the EURUSD near current levels to look for a move back to parity and possibly below.
Richard remains bearish the #GBPUSD as he discusses the Bank of England’s move last week.
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