{"id":43975,"date":"2023-04-11T11:29:00","date_gmt":"2023-04-11T10:29:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=43975"},"modified":"2023-04-12T18:52:55","modified_gmt":"2023-04-12T17:52:55","slug":"midday-brief-us-inflation-print-in-focus","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/midday-brief-us-inflation-print-in-focus\/","title":{"rendered":"Midday brief – US inflation print in focus"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

In March, inflation in China eased more than expected, indicating a deflationary process underway. The dollar suffered losses in the early European session as investor sentiment maintained a steady optimism ahead of Wednesday\u2019s US CPI data.<\/p>

The Eurozone Retail Sales data delivered better-than-expected data. Later in the New York session, FOMC member Harker will be speaking and EIA\u2019s short-term energy outlook.<\/p>

USDZAR<\/a>\u00a0sank -0.79% in the European session ahead of the US inflation data on Wednesday. The US consumer price index year-on-year has been forecast to drop to 5.2% from 6.0% which may increase bets of a slower hiking pace by the Fed. Also weighing on the greenback was the improving risk appetite in European trade.<\/p>

The South African production data for February will be featured during the day and is expected to show an improvement in the sector. The US economic file will include a speech from FOMC member Harker, weekly crude oil<\/a> stock, and the EIA short-term energy outlook. The pair\u2019s bulls gave up 18.50 as sellers may reclaim 18.20 and 18.00.<\/p>

The EUR<\/a> traded flat at -0.07% against the CHF following economic data releases from the Eurozone. Retail Sales month-on-month for February remained unchanged at -0.8% while the year-on-year reading came in better than anticipated at-3.0% vs -3.5%.<\/p>

However, the Euro may be lifted by stronger-than-expected Sentix Consumer Confidence, which soared to -8.7 from a previous print of -11.1. Buyers may show interest if the 0.9900 resistance is turned into support. In the meantime, a slide below 0.9850 may reinforce selling pressure to 0.9800.<\/p>

GBPAUD<\/a> was up +0.26% as it regained its strength in the European session after losing ground to 1.8585, a fresh 3-day low. Earlier in the Asian session, the Australian Westpac Banking Corporation showed that consumer confidence jumped from 0.0% to 9.4% in April. The data boosted the AUD together with the NAB business confidence which rose to -1. against a survey of -2.0. On the other hand, China\u2019s inflation year-on-year eased to 0.7% from 1.0% in March while the producer prices rose -2.5%, a slower pace than the previous year. An extended rise may give traders 1.8780.<\/p>

European stocks were largely higher on European Banks\u2019 optimism. FTSE100<\/a> was steady at -0.02% as bulls retracted from the 7800 near-term high and 7700 remains a critical support. The CAC40<\/a> soared by +0.93% and near-term gains remain capped by the 7400 level, a break above that level could reinforce bullish strength towards the 7500 level. DAX<\/a> held to +0.32% of gains as bulls retracted from the 15775 level and 15500 remains a pivotal support in the near term.<\/p>

US stock futures gave in earlier gains ahead of the US Inflation point. US500<\/a> futures were down -0.09% from the 4120 daily high and the 4070 remains a key support area. US100<\/a> futures dropped by -0.25% as bulls lost steam below the 13100 level and a break below the 12900 level could trigger selling pressure towards the 12500 level. US30 futures<\/a> trimmed gains to -0.09% as 33600 near-term psychological level holds and 33300 is a near-term target.<\/p>

Elsewhere, gold<\/a> gained as the dollar <\/a>retreated ahead of the US inflation data which will give traders clues on rate hikes by the Fed. As of 12:30 London time, XAUUSD was up +0.49% trading near the 2000 mark. Further up, buyers may seek $2 050 and $2 080 in the short term.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

In March, inflation in China eased more than expected, indicating a deflationary process underway. The dollar suffered losses in the early European session as investor sentiment maintained a steady optimism ahead of Wednesday\u2019s US CPI data. The Eurozone Retail Sales data delivered better-than-expected data. Later in the New York session, FOMC member Harker will be […]<\/p>\n","protected":false},"author":4,"featured_media":25557,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[239,275,28,601,67,517,226],"yoast_head":"\nMidday brief - US inflation print in focus - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/midday-brief-us-inflation-print-in-focus\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Midday brief - US inflation print in focus Midday brief - US inflation print in focus\" \/>\n<meta property=\"og:description\" content=\"In March, inflation in China eased more than expected, indicating a deflationary process underway. The dollar suffered losses in the early European session as investor sentiment maintained a steady optimism ahead of Wednesday\u2019s US CPI data.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/midday-brief-us-inflation-print-in-focus\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-11T10:29:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-12T17:52:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/04\/GettyImages-180988699.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"474\" \/>\n\t<meta property=\"og:image:height\" content=\"294\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Midday brief - US inflation print in focus Midday brief - US inflation print in focus\" \/>\n<meta name=\"twitter:description\" content=\"In March, inflation in China eased more than expected, indicating a deflationary process underway. The dollar suffered losses in the early European session as investor sentiment maintained a steady optimism ahead of Wednesday\u2019s US CPI data.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/midday-brief-us-inflation-print-in-focus\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/midday-brief-us-inflation-print-in-focus\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"Midday brief – US inflation print in focus\",\"datePublished\":\"2023-04-11T10:29:00+00:00\",\"dateModified\":\"2023-04-12T17:52:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/midday-brief-us-inflation-print-in-focus\/\"},\"wordCount\":537,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"EURCHF\",\"GBPAUD\",\"GOLD\",\"Stocks\",\"US Dollar\",\"US Inflation\",\"USDZAR\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/midday-brief-us-inflation-print-in-focus\/\",\"url\":\"https:\/\/youtrading.com\/en\/midday-brief-us-inflation-print-in-focus\/\",\"name\":\"Midday brief - US inflation print in focus - Youtrading UK\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/#website\"},\"datePublished\":\"2023-04-11T10:29:00+00:00\",\"dateModified\":\"2023-04-12T17:52:55+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youtrading.com\/en\/midday-brief-us-inflation-print-in-focus\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youtrading.com\/en\/midday-brief-us-inflation-print-in-focus\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youtrading.com\/en\/midday-brief-us-inflation-print-in-focus\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youtrading.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Midday brief – US inflation print in focus\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/youtrading.com\/en\/#website\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"name\":\"Youtrading UK\",\"description\":\"Leaders in Trader Training\",\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/youtrading.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/youtrading.com\/en\/#organization\",\"name\":\"YouTrading\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"contentUrl\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"width\":2531,\"height\":570,\"caption\":\"YouTrading\"},\"image\":{\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/YouTradingEnglish\/\",\"https:\/\/www.instagram.com\/youtrading_english\/\",\"https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\",\"name\":\"Nathan Batchelor\",\"description\":\"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.\",\"url\":\"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Midday brief - US inflation print in focus - Youtrading UK","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/youtrading.com\/en\/midday-brief-us-inflation-print-in-focus\/","og_locale":"en_GB","og_type":"article","og_title":"Midday brief - US inflation print in focus Midday brief - US inflation print in focus","og_description":"In March, inflation in China eased more than expected, indicating a deflationary process underway. The dollar suffered losses in the early European session as investor sentiment maintained a steady optimism ahead of Wednesday\u2019s US CPI data.","og_url":"https:\/\/youtrading.com\/en\/midday-brief-us-inflation-print-in-focus\/","og_site_name":"Youtrading UK","article_publisher":"https:\/\/www.facebook.com\/YouTradingEnglish\/","article_published_time":"2023-04-11T10:29:00+00:00","article_modified_time":"2023-04-12T17:52:55+00:00","og_image":[{"width":474,"height":294,"url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/04\/GettyImages-180988699.jpg","type":"image\/jpeg"}],"author":"Nathan Batchelor","twitter_card":"summary_large_image","twitter_title":"Midday brief - US inflation print in focus Midday brief - US inflation print in focus","twitter_description":"In March, inflation in China eased more than expected, indicating a deflationary process underway. The dollar suffered losses in the early European session as investor sentiment maintained a steady optimism ahead of Wednesday\u2019s US CPI data.","twitter_misc":{"Written by":"Nathan Batchelor","Estimated reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/youtrading.com\/en\/midday-brief-us-inflation-print-in-focus\/#article","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/midday-brief-us-inflation-print-in-focus\/"},"author":{"name":"Nathan Batchelor","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab"},"headline":"Midday brief – US inflation print in focus","datePublished":"2023-04-11T10:29:00+00:00","dateModified":"2023-04-12T17:52:55+00:00","mainEntityOfPage":{"@id":"https:\/\/youtrading.com\/en\/midday-brief-us-inflation-print-in-focus\/"},"wordCount":537,"publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"keywords":["EURCHF","GBPAUD","GOLD","Stocks","US Dollar","US Inflation","USDZAR"],"articleSection":["Markets"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/youtrading.com\/en\/midday-brief-us-inflation-print-in-focus\/","url":"https:\/\/youtrading.com\/en\/midday-brief-us-inflation-print-in-focus\/","name":"Midday brief - US inflation print in focus - Youtrading UK","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/#website"},"datePublished":"2023-04-11T10:29:00+00:00","dateModified":"2023-04-12T17:52:55+00:00","breadcrumb":{"@id":"https:\/\/youtrading.com\/en\/midday-brief-us-inflation-print-in-focus\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/youtrading.com\/en\/midday-brief-us-inflation-print-in-focus\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/youtrading.com\/en\/midday-brief-us-inflation-print-in-focus\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/youtrading.com\/en\/"},{"@type":"ListItem","position":2,"name":"Midday brief – US inflation print in focus"}]},{"@type":"WebSite","@id":"https:\/\/youtrading.com\/en\/#website","url":"https:\/\/youtrading.com\/en\/","name":"Youtrading UK","description":"Leaders in Trader Training","publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/youtrading.com\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/youtrading.com\/en\/#organization","name":"YouTrading","url":"https:\/\/youtrading.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","contentUrl":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","width":2531,"height":570,"caption":"YouTrading"},"image":{"@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/YouTradingEnglish\/","https:\/\/www.instagram.com\/youtrading_english\/","https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg"]},{"@type":"Person","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab","name":"Nathan Batchelor","description":"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.","url":"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/"}]}},"_links":{"self":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/43975"}],"collection":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/comments?post=43975"}],"version-history":[{"count":0,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/43975\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media\/25557"}],"wp:attachment":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media?parent=43975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/categories?post=43975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/tags?post=43975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}