In the US economy, the Consumer Price Index (YoY) has grown +1.7% in June against consensus estimates of only +1.6%. In addition, the Consumer Price Index ex Food and Energy (MoM and YoY) yielded results precisely in line with their expectations, growing +0.2% and +2.2% respectively in the month of June. Finally, the index of Net Long-Term TIC Flows reported a result of USD $55.0B in May vs. USD $27.2B in the previous month.
After reaching as high as 0.8007 during the Asian session on Tuesday, the cross has presently settled in the region 0.7979, advancing slightly at a rate of +0.01% since it’s opening. The technical analysts at Mataf.net confirm the next resistances at 0.7993, followed by 0.8016, and finally 0.8045. On the descent, the penetration of 0.7941 will enable supports at 0.7912 and 0.7889.