US Inflation Numbers Come to the Spotlight

INVESTORS KEEP INCREASING RISK AHEAD OF THE US CPIS

The US dollar traded mixed against the other major currencies on Wednesday and during the Asian session Thursday. It underperformed against NZD, AUD, CAD, and slightly versus CHF, while it gained versus GBP and JPY. The greenback was found virtually unchanged against EUR.

S&P 500 — TECHNICAL OUTLOOK

The S&P 500 traded higher yesterday, to hit the key resistance zone of 4595, also tested on February 2nd. Overall, the index is trading above the upside support line drawn from the low of January 24th, and thus we will consider the short-term picture to be positive.

NZD/USD — TECHNICAL OUTLOOK

NZD/USD also traded higher yesterday, but hit resistance near 0.6700, and then it pulled back. Overall, the pair remains above an upside support line drawn from the low of January 28th, and thus, we would consider the near-term outlook to be positive.

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JFD is a leading Group of Companies offering financial and investment services and activities.