EURUSD

The annual headline CPI in the US reaching 3.00% and the core CPI at 3.30% has had a significant impact on the markets. This situation has reshaped expectations regarding the Fed's interest rate cuts, with initial predictions for a rate cut in October emerging. The increase in the Dollar Index and pressure on stock indices have drawn attention in the markets. Fed Chairman Powell's statements following the inflation data emphasized that there would be no rush to cut rates.

In the EURUSD pair, the recent movements have led to a rise above the 55 and 233-period moving averages, creating a new positive outlook. However, for this scenario to hold, the pair needs to remain above the 1.0375 level. The 1.0430 level is a critical point for confirming this positive outlook. Otherwise, if the pair falls below 1.0375, a new pricing behavior towards the 1.0175 level may be observed.