Gold Prices May Run Higher but US CPI Poses Risks to Bullish Narrative

Gold prices look ready to continue rising amid a potential short squeeze induced by a drop in real yields and the US Dollar after Fed bets eased in July. The US CPI tonight may spoil the bullish na…

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Australian Dollar Steady as China CPI Comes in Cool Ahead of US CPI. Will it Hit AUD/USD?

The Australian Dollar appears range bound after China’s CPI and PPI were slightly lower than forecast while all eyes turn toward US CPI later today. Where to for AUD/USD?

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Chinese Yuan Forecast: USD/CNH Trades Around 20-Day SMA Ahead of China CPI, PPI

The Chinese Yuan may fall against the US Dollar if China’s consumer prices for July beat analysts’ estimates. Traders will shift their attention to US CPI data after today’s APAC session.

from DailyFX – Market News https://bit.ly/3zRu4oG
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EUR/USD Forecast: August Opening Range Susceptible to Sticky US CPI

Fresh data prints coming out of the US may continue to influence EUR/USD as the update to the Consumer Price Index (CPI) is anticipated to show sticky inflation.

from DailyFX – Market News https://bit.ly/3QyLL2K
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S&P 500, Nasdaq 100 Sag Ahead of Key US Inflation Data. Is the Rally Over?

The S&P 500 and Nasdaq 100 lose ground for a second straight day amid cautious sentiment ahead of a key U.S. economic report that could influence the Fed’s monetary policy path.

from DailyFX – Market News https://bit.ly/3SxGY3D
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