USD CONSUMER PRICE INDEX (CPI) NEWS RELEASE

 Hello traders, I hope you're doing okay and had a wonderful trading week. During the past trading week, the US Bureau of Labor Statistics released the monthly CPI data showing that The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in July on a seasonally adjusted basis after rising 1.5% in June. 
Over the last 12 months, the all items index increased 8.5% before seasonal adjustment. The gasoline index fell 7.7 % in July and offset increases in the food and shelter indexes, resulting in all the items index being unchanged for the month. The energy index fell 4.6 % over the month as the indexes for gasoline and natural gas declined, but the index for electricity increased.
The index for all items less food and energy rose 0.3 % in July, a smaller increase than in April, May, or June. The dollar reacted negatively to this news release, with the dollar index (DXY), gaining heavy bearish momentum with price dropping from 106.550 to 104.300 and closing the week with price at 105.299 and still showing more bearish potential as I anticipate a continuation of the drop back to the daily demand levels of 102.517 & 101.586.

DOLLAR INDEX H4

DOLLAR INDEX D1

For all USDXXX pairs, price dropped heavily causing major bearish moves for good selling opportunities in pairs like USDCAD, USDZAR, USDCHF and USDJPY, whereas all XXXUSD pairs reacted positively causing major bullish movements that were good for buying opportunities in pairs like EURUSD, GBPUSD, NZDUSD and AUDUSD.

USDZAR H4

USDCAD H4

USDCHF D1

For XXXUSD pairs bullish market movements:

EURUSD H4

NZDUSD H4

AUDUSD H4