Important events today:

14:00 UTC-US: inflation expectations from the University of Michigan.

The US Fed presented fresh statistics on the change in assets on its balance sheet. Over the last week, the figure decreased by $31.2 billion, which is favorable for the strengthening of the American currency. Today, the University of Michigan will present fresh data on inflation expectations of the population, where we can see the growth of the indicator on the background of a strong labor market.

Both employment and wages are growing in the United States, which in the past has always led to an increase in consumer inflation. Against this background, the market will again start talking about the fact that the U.S. Federal Reserve will not be able to pause at the September meeting and will be forced to raise the discount rate, which is favorable for the strengthening of the dollar.

Recommendations: Sell 1.2820/1.2850 and TP 1.2720.