The countdown continues as markets await the main event tomorrow

Read full post at forexlive.com

It’s
just
one
of
those
days
where
tomorrow
can’t
come
soon
enough.
Besides
the
kiwi
today,
other
major
currencies
are
lacking
any
real
appetite
to
move
on
the
day.
In
exemplifying
that
sentiment,
EUR/USD
is
still
hugging
a
13
pips
range
only
so
far
today.
Talk
about
a
snoozefest.

We’re
pretty
much
caught
in
the
countdown
to
the
US
inflation
report
tomorrow.
And
that
is
leaving
traders
with
a
lack
of
conviction
to
go
hunting
today.

The
expectation
is
that
we
will
see
headline
annual
inflation
ease
back
to
3.1%
for
June.
However,
core
annual
inflation
is
expected
to
remain
sticky
at
3.4%
–
unchanged
from
May.
Once
again,
there
will
be
plenty
of
watchful
eyes
on
the
details.

These
were
some
of
the
key
takeaways
from
last
month’s
report.

The
release
tomorrow
will
come
alongside
the
weekly
jobless
claims
data,
so
there
might
be
a
bit
of
an
added
twist.
Just
be
wary
of
that
as
such.

For
today,
the
10-year
Treasury
notes
auction
will
be
the
only
real
item
of
significance
on
the
agenda.
So,
it
is
still
mostly
a
waiting
game
until
we
get
to
the
main
event
tomorrow.