US-based crude oil futures rallied a healthy 3.3 percent this past session against a backdrop of measures ‘risk appetite’. The chart for capital markets assets connects more readily to hope for a quicker downshift in inflation and pressure for the Fed to drop rates, but can crude oil draw the same connections?

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Tomorrow brings the CPI report from the month of December and expectations are for further reduction. The bigger question after last month is market response.

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The UK FTSE 100 has maintained its bullish outlook ahead of tomorrow’s US CPI print, rising above pre-pandemic levels despite rising recession risks.

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Find out the essentials of trading the news with this introductory guide to forex news trading

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The EUR/GBP currency pair is trading higher this Wednesday on the back of hawkish ECB officials in preparation for key economic data later in the week.

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