Analyst
The pair edged marginally higher in yesterday's session buoyed by positive German ifo Business Climate while there was a noticeable increase in the number of individuals filing for unemployment insurance in the United States. President Joe Biden sealing a $579 billion infrastructure deal with a group of Democratic and Republican senators is seen in many quarters as a major win but there is still the obstacle of the Congress where many conservative Republicans plan to fight all of it.
The pair has been trading narrowly for some hours (between 1.19547 and 1.19162), I encourage traders to look out for a breakout from the channel.
Core PCE Price Index m/m (USD) 1:30 PM
Revised UoM Consumer Sentiment (USD) 3:00 PM
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