Focus for US CPI will be on whether a softer core inflation read will be sufficient for the Fed to keep rates on hold ahead, despite a resurgence in headline pricing pressures.

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GBP is testing crucial support against the US dollar ahead of UK GDP data due later Wednesday. Which way is the tide for GBP/USD, EUR/GBP and GBP/JPY?

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The gold price edged lower overnight as the market contemplates US Dollar direction and US CPI with the potential to impact Treasury and real yields. Is XAU/USD range bound for now?

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AUD/USD was muted on Tuesday, unable to consolidate Monday’s gains, but continued to forge a double bottom pattern that may have bullish implications for the exchange rate if confirmed.

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The U.S. dollar rebounds after steep losses at the beginning of the week. Meanwhile, the Nasdaq 100 slides, unable to consolidate Monday’s gains as traders await the U.S. inflation report for August, which could set the tone for financial markets.

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