To make the picture clear for everyone:
• US inflation data will be released in about an hour, and it will have a significant impact on market movements.
• Markets expect inflation to rise to 2.6%.
• 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.
⬅️ Therefore, if the figures indicate a decline below 2.6%, this will lead to a decline in the dollar and a rise in gold and indices. The opposite is true if the figures exceed 2.6%.
