Following a further slowdown in US inflation data, the Dollar has extended its slide to test lows not seen in six months. For a number of the ‘majors’ this move has translated into notable technical breaks. However, with the FOMC rate decision still ahead, it would be wise not to assume trend.

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The S&P 500 broke out to a fresh three month high after CPI was released this morning. Sellers snapped that move back very quickly, and the focus now shifts to tomorrow’s FOMC.

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Gold prices have put in a spirited reversal since the November open and the 50% marker of this year’s major move sits just overhead.

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The latest US CPI print boosted demand for risk assets. As Sam Bankman-Fried faces criminal charges, BTC/USD remains supported above $17,000.

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Risk assets rejoice as inflation rises at a slower pace than anticipated, beating forecasts for a second month in a row. DXY, US 2 year lower while S%P 500 rises

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