US Inflation Rises 2.2%, in line with Expectations

Speculators Wagering on Federal Reserve, Markets Could Turn on a Dime

Global equities have traced higher after a mixed day of results in Asia, as investors adjust the important Consumer Price Index statistics from the States that came out in line with analysts’ expectations. European Indexes have been positive thus far, and Wall Street is expected to open with gains. Last Friday’s Average Hourly Earnings came in below its estimate, which may have some speculators today wagering on weaker inflation from the States. But as the US inflation data prove strong it would certainly solidify the aggressive stance which has been coming from the U.S Federal Reserve. The U.S central bank will hold a monetary policy meeting in approximately ten days.

Forex Volatility a Possibility this Afternoon, China Industrial Data Wednesday

The U.S Dollar dropped versus major currencies post the inflation data. However, the U.S Dollar and major currencies could resume their known trading realms which have been quite the past couple of sessions. It will be a busy afternoon and evening for global market participants. Forex has seen consolidated action this morning. Investors should also keep in mind Industrial Production numbers will come from China early tomorrow, and Germany will release potentially intriguing CPI numbers on Wednesday.

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Gold Jumps as Inflation Data Disappoint Investors

Gold prices rise the following inflation data and is near 1326.00 U.S Dollars per ounce. The commodity markets have proven cautious as investors have sat on the sidelines and wait for the critical results from the U.S inflation figures.

Large Impact Anticipated via U.S CPI, Retail Sales Tomorrow from States

The Consumer Price Index data will be released shortly at 12:30 GMT, and have an impact on the broad markets globally.

• 12:30 PM GMT U.S, Consumer Price Index
• 12:30 PM GMT U.S, Core Consumer Price Index

Yaron Mazor is a senior analyst at SuperTraderTV.

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