CPI

Recent sessions have been particularly challenging for silver prices in the short term. Selling pressure has intensified considerably, resulting in three consecutive losing sessions and pushing the metal to a decline of nearly 8.5% over this period.

The trading week continues to unfold and weakness around the euro has once again become increasingly evident in the short term. This can be seen in the recent performance of EUR/USD, which has declined roughly 0.3% over the last three trading sessions, highlighting renewed strength in the U.S. dollar.

Hotter-than-expected US inflation has pushed USD/JPY above its 200-day moving average, putting 160 and the risk of Bank of Japan intervention back in focus. The breakout still needs to hold, and a failure could send the pair sharply lower.

EUR/USD looks oversold as the US dollar rally loses momentum. With hot CPI expectations potentially priced in, could inflation trigger a dollar pullback?

A 0.6% m/m reading in headline CPI, while scary at first glance, is already expected and presumably discounted into the current market prices. Instead, the “core” reading will be more impactful for the Fed and markets - see what it means for the US dollar!

Crude Oil Price Outlook: Crude oil remains the market’s dominant narrative despite conflicting headline signals

Dow Jones weakness links rising crude oil and Treasury yields with pressure on stocks, while a rebound leaves the broken uptrend unconfirmed.

A core CPI reading that rounds to 0.3% m/m or even an unrounded reading above 0.20% would signal that inflation is not slowing sufficiently, and a Fed rate hike may be necessary next week. What would that mean for the US dollar?

USD/JPY and EUR/JPY are flashing daily oversold momentum signals not seen since 2024, raising the risk of a near-term reversal ahead of the U.S. CPI report and Federal Reserve policy decision.

EUR/USD is building on a rebound from trend support, with major event risk poised to test the strength of the recovery.

The higher oil goes, the worse it may get for the euro, which, to be fair, has performed well during the more recent rises in oil prices compared to earlier this year. Still, the risks to the near EUR/USD forecast remains tilted lower as the pair tests the 200-day average ahead of a pivotal week.

It has not been an easy week for the Japanese yen. Over the last four trading sessions, USD/JPY has posted a move of only around 0.3%, reflecting a market that continues to lack clear direction and remains trapped in a phase of neutrality.