š“ Let the picture be clear to everyone:
ā¢ US inflation data will be released in about an hour, and it will have a significant impact on market movement.
ā¢ Markets expect inflation to rise to 2.8%.
ā¢ This will send a message to the Federal Reserve that inflation is still at risk of rising, thus increasing the likelihood of interest rates being held steady in the coming months.
ā¬ ļø Therefore, if the figures indicate a decline below 2.8%, this will lead to a decline in the dollar and a rise in gold and indices. The opposite is true if the figures come in above 2.8%.