US Dollar Edges Higher on Robust Data. Forecast as of 16.08.2024

The release of robust retail sales and labor market data, coupled with an upbeat Walmart report, allayed concerns about a potential recession in the US, prompting a sell-off in the EURUSD pair. However, the bearish sentiment was subdued. What is the precise reason for this? Let's discuss this topic and make a trading plan.Highlights and key points Strong data has reduced the risks of recession in the US economy. The Fed should proceed cautiously to achieve a soft landing. The S&P 500 rally h