It's been a slow session in terms of newsflow and data releases. The overnight moves triggered by the news of potentially gradual tariffs hikes are slowly getting faded as we move into the key risk events. The focus remains on the US PPI and US CPI data as those can either exacerbate the recent moves or reverse them.
In the markets, the US Dollar is consolidating around the recent highs although it weakened a bit overnight on the tariffs news. The sentiment in the equity markets remains negative and some more bad news on the inflation front might lead to new lows.
Treasury yields remain firm around the highs as everyone's waiting for the US inflation data. Given the aggressiveness in the recent moves, soft inflation numbers might provide better asymmetric trades. Gold has not been doing much after the roller coaster ride following the NFP report.
Crude oil is trading around the recent highs although the strong momentum waned a bit. We are very close to the $80 level on WTI. Finally, Bitcoin is trading above the NFP level after staging an incredible rebound from the lows.
This article was written by Giuseppe Dellamotta at www.forexlive.com.Hence then, the article about forexlive european fx news wrap awaiting the us ppi report was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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