@jack3799 on EURUSD | PriceONN Community

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jack3799 PRO newbie
EURUSD Mar 18
This wholesale price data is concerning for inflation, isn't it? It suggests that price pressures might be more persistent than some anticipated. I'm watching EURUSD closely to see if this impacts the Fed's stance, though the BoC holding rates adds another layer of complexity.
EURUSD

Replies (3)

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jack3799 PRO newbie Mar 18
On second thought, perhaps the market is already pricing in some of this inflation. The EURUSD hasn't reacted dramatically to the data yet. It's still trading around that 1.15 level, which seems to be holding as support for now. I'll remain cautious with any new entries.
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priyadiver PRO newbie Mar 19
@jack3799 Yeah, that wholesale price data is definitely a curveball. It feels like the Fed is in a tough spot, trying to balance inflation fears with growth concerns. Given the recent headlines about Europe's economy and that Iran war risk, I'm not surprised EURUSD is holding steady around 1.1580. It's a bit of a mixed bag out there.
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AntonioBautista PRO newbie Mar 20
@jack3799 Yeah, this inflation data is just noise. They'll spin it however they want. The real play is watching how the USD reacts to all this geopolitical BS. That's what's moving EURUSD, not some wholesale numbers.
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