US Inflation in Focus this Week. Dow Jones with Room to Move to the Upside? GBPJPY in Ascending Triangle.
US CPI and PPI Coming Up Wednesday and Thursday. UK GDP Thursday.

In today’s GCI Market Outlook let’s take a look at Forex Trading on GBPUSD, GBPJPY, EURUSD and the Dow Jones Industrial Average.
We see the US indices slowly creeping back to all time highs but the Dow Jones Industrial Average seems to be stuck at resistance.
We see price action on the Dow Jones Industrial Average in an ascending triangle and we will look for signs of a break to the upside.
Why is it lagging behind the others?
The companies in the Dow Jones Industrial Average are more susceptible to interest rates so news from the Fed will affect pricing.
Also, the current AI and tech boom is positively affecting the other indices more.
Speaking of interest rates, USD continues weaker and if lower rates are coming, it will go weaker still.
You will see the same pattern on most USD pairs and we will monitor this to see if we have a rising wedge in price action.
If so, we may get a technical reversal.
Watch the fundamentals as progress in US/China trade talks may bolster USD.
Tomorrow and Thursday, we have US CPI and PPI which will indicate to the Fed how they are doing with inflation.
If inflation is lower, they will be inclined to lower rates and that will weaken USD and strengthen indices.
We also have monthly GBP from the UK.
The fact that GBP is weak against some currencies but stronger against JPY and USD gives us opportunities.
For example, we have an ascending triangle on GBPJPY with resistance to 196 yen.
That’s all for now.
CFDs and FX are leveraged products and your capital may be at risk.
Latest Analysis
- CAD, GBP, and USD Inflation CPI in Focus. Bitcoin BTCUSD at Record Highs as we Wait for US Congress. Forex Trading Long on GBPAUD. July 14, 2025 06:47 AM
- US Indices Fall Again on New Tariffs. NASDAQ & S&P500 in Ascending Triangles. WTI Crude Oil at Lower Trend Line. July 11, 2025 04:54 AM
- Dow Jones Falls on Tariff Fears. Time for a TACO Trade? OPEC+ Rumored to Boost Production. Forex Trading Short on Gold XAUUSD. July 08, 2025 04:17 AM
- Forex Range Trading Silver XAGUSD. USD Reversal? July 04, 2025 06:17 AM
- Forex Trading Gold XAUUSD in Ascending Triangle. USD Weaker Still. DAX Near All-time Highs. July 01, 2025 07:39 AM
- WTI & Brent Crude in “Wait and See” Mode. Forex Trading Short on USDCAD? US Indices Rising. June 25, 2025 11:38 PM
- USD Weaker. WTI & Brent Crude Volatile on Middle East Tensions. Gold XAUUSD at Support. June 23, 2025 10:48 PM
- US Interest Rates on Hold: Did you Buy the Dip on the NASDAQ? WTI & Brent Crude Higher on Middle East Tensions. June 20, 2025 04:00 AM
- WTI & Brent Crude Oil Volatile on Middle East Tensions. Interest Rates in Focus. Forex Trading Gold in Uptrend. Today 09:15 AM
- Strongest Currency = EUR. Forex Trading EURUSD, EURCHF, XAUUSD in Ascending Triangle. June 12, 2025 03:40 AM
Open an account in minutes
Trade on our award-winning platforms with ultra-fast and ultra-secure execution.
OPEN AN ACCOUNT