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Softer US CPI supports risk appetite despite geopolitical tensions

Softer US CPI supports risk appetite despite geopolitical tensions

US dollar weakens on softer CPI, but Warsh keeps rate hikes on the table; Focus shifts to today’s PPI report after Middle East hostilities persist; US equities ignore higher oil prices, benefit from strong earnings and lower Fed hike bets; Aussie maintains gains despite weak Chinese data; loonie rally threatened by a dovish BoC;
XM Group | 46 days ago
Gold - Inflation Cooled Hard, But the Fed Is Not Convinced Yet

Gold - Inflation Cooled Hard, But the Fed Is Not Convinced Yet

US inflation delivered its biggest monthly drop since 2020: headline CPI fell to 3.5%, and core came in at 2.6%, well below forecasts. Gold jumped more than 1% as rate-hike bets faded. Then Fed Chair Warsh pushed back, saying the improvement is not "mission accomplished". Today he speaks again, with producer prices landing just before. Gold sits at the center of this fight.
Born2trade | 46 days ago
Gold: the edge of the precipice is drawing ever closer

Gold: the edge of the precipice is drawing ever closer

The US dollar posted its best day in three weeks on rumours of a US military blockade of the Strait of Hormuz. The escalation of the conflict in the Middle East enabled Brent to post its best daily percentage growth since 2020.
FxPro | 47 days ago
Brent - Oil Posts Its Biggest Daily Jump Since 2020, and Today Brings More

Brent - Oil Posts Its Biggest Daily Jump Since 2020, and Today Brings More

Brent surged 9.6% on Monday, its biggest one-day gain since May 2020, and trades near $85.3 today. Trump announced a 20% fee on all cargo passing through the Strait of Hormuz and reinstated the blockade of Iranian ports. Iran struck two UAE supertankers. And later today, the US releases its CPI inflation report, where rising oil prices are exactly the problem.
Born2trade | 47 days ago
US Charges 20% Hormuz Fee; Oil Soars 9% - CPT Markets

US Charges 20% Hormuz Fee; Oil Soars 9% - CPT Markets

🔥 Trump reinstates Hormuz naval blockade + 20% transit fee — Brent surges 9.6% to $83.30, biggest single-day gain since May 2020. WTI jumps 9.4% to $78.14. Gold drops 3% below $4,000. September Fed hike probability hits 71%. UAE oil tankers struck by Iranian missiles. CPI and Warsh testimony today.
CPT Markets | 47 days ago
Dollar rally pauses ahead of CPI and Fed Chair Warsh’s testimony

Dollar rally pauses ahead of CPI and Fed Chair Warsh’s testimony

Dollar rally pauses even as Middle East tensions further bolster Fed hike bets - US CPI inflation data and Fed Chair Warsh’s testimony in focus - Yen falls as Japan has no immediate plans to alter pension fund strategy - Wall Street and gold slide ahead of today’s key events
XM Group | 47 days ago
USD/JPY Holds at Highs: Pressure Lingers on Yen

USD/JPY Holds at Highs: Pressure Lingers on Yen

USD/JPY ended Tuesday at 162.27, with the Japanese yen remaining near 40-year lows. Pressure on the currency persists, as Japanese authorities have yet to carry out fresh interventions to support the exchange rate.
RoboForex | 47 days ago