USD/JPY, GBP/USD, AUD/USD FORECAST:
- The October U.S. inflation report will steal the limelight on Tuesday
- If actual CPI results deviate from consensus expectations by a wide margin, FX volatility can rise significantly
- This article explores pivotal technical levels for USD/JPY, GBP/USD and AUD/USD that may act as support or resistance in the coming trading sessions
Most Read: US Inflation Preview – How Will Gold Prices, EUR/USD and the Nasdaq 100 React to Data?
Traders should be on high alert on Tuesday, as the U.S. Bureau of Labor Statistics is expected to release October inflation figures in the morning. Against this backdrop, volatility is likely to pick up later this week, with market direction and underlying FX moves dependent on the strength or weakness of upcoming consumer price index data.
In terms of consensus estimates, headline CPI is forecast to have risen 0.1% m/m and 3.3 %…
