Today’s inflation report has generated anticipation in the markets, with the USD making a recovery after hitting lows. The tech-AI sector is booming, with Bitcoin and Ethereum reaching record highs. The upcoming CPI report will focus on Forex pairs, shaping currency flows for the second half. Expectations are for a decent increase in both data sets. Market reactions to the data are unpredictable, with potential outcomes including panic, USD strengthening, or relief in bond demand. Technical outlooks for major pairs like EUR/USD, GBP/USD, USD/CAD, USD/CHF, NZD/USD, and AUD/USD are also provided, highlighting key support and resistance levels.

Source: MarketPulse

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