Overall picture: The market awaits for the US inflation data on Thursday.
Interest rate risk rose again to the markets. US stock indices overcame its highs on August 8 and showed new historical highs.
The S&P 500 index closed near the 2500 level.The optimism is caused by some kind of peace in North Korea, as new sanctions have been adopted against the country. However, it's much lighter than the originally proposed penalties by the United States. On the other hand, the North Korea realized that the new sanctions could include a complete ban on oil supplies and this might put Kim Jong-un's regime nearly in a desperate situation. Moreover, North Korea took a break.
The British pound has sharply stepped into the principal growth for two reasons: The process of negotiations on the exit of Britain from the EU is successfully going on, and the inflation in Britain has risen above the forecast.
The situation of EURUSD.
The news for tomorrow is regarding the inflation in the US.
We stand in the purchase from 1.1980.
As of this writing, the movement is more likely to move upward, reaching the highs at 1.2100.
The breakthrough at 1.1925 below is an option where we can sell.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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