The new Bank of Japan (BoJ) governor will have his work cut out trying to boost flagging growth while pressing down on rising inflation

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WTI Oil failed to capitalize on upgraded forecasts by OPEC+. Inventory concerns and dollar strength continue to weigh on a potential recovery.

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UK CPI data showed a marked decline in inflationary pressures for January resulting in a pound sell-off with GBP/USD testing the 1.21 support level.

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Gold prices finished flat on Tuesday despite an unexpectedly strong US CPI report as markets were also focused on Fedspeak. Down the road, the path for XAU/USD may remain tilted lower.

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The US Dollar ascendency got back on track after inflation gauges popped higher and the focus moved to the Federal Reserve with more hikes coming. Will USD trend north?

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