{"id":45232,"date":"2023-05-09T12:35:00","date_gmt":"2023-05-09T11:35:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=45232"},"modified":"2023-05-09T20:58:58","modified_gmt":"2023-05-09T19:58:58","slug":"midday-brief-investors-await-us-cpi-for-more-volatility","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/midday-brief-investors-await-us-cpi-for-more-volatility\/","title":{"rendered":"Midday brief – Investors await US CPI for more volatility"},"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

The Yen<\/a> attracted safe haven flows despite disappointing household spending data. The focus turned to the US CPI data and BoE decision for more moves in the market. Gloomy Chinese data revived concerns about the global recovery.<\/p>

EURUSD<\/a> traded cautiously as investors stayed on the sidelines in European trade. The dollar kept slight gains ahead of the US CPI data due on Wednesday. Headline inflation is anticipated to remain at 5.0% in April while the month-on-month reading is set to be higher at 0.4%.<\/p>

The Euro consolidated as traders await the Consumer Price Index from one of Europe’s biggest economies, Germany, which is set to have cooled off in April. The pair lost -0.26% below the 1.1000 level as the slide may reclaim 1.0950 and 1.0900.<\/p>

GBPJPY<\/a> tumbled by -0.17% as investors bid on the Japanese Yen amid risk-off flows. Market participants look forward to the Bank of England’s interest rate decision due on Thursday with expectations lying at a 25bps increase. The decision comes after inflation in the UK proved stubborn by staying in double digits.<\/p>

Sterling<\/a>\u2019s slump may be capped by BoE-BoJ policy divergence. The pair tanked from an intraday resistance at 170.50 as bears may retest 169.50. However, a continuation to the upside may face a hurdle at 172.00.<\/p>

European stocks traded lower after disappointing UK housing data. The UK 100<\/a> sank -0.68% past the 7800 mark as sellers may target 7700 in the short term. CAC40<\/a> lost -0.95% after bulls got rejected at 7435. Further down bears may reclaim 7300. DAX<\/a> was down -0.29% below 16 000.<\/p>

US stock futures went south ahead of the US inflation data. US100 futures<\/a> lost -0.26% trading between 13280 and 13220. US500 futures<\/a> were down -0.30% as they consolidated between 4140 and 4120 as bears may revisit 4100. US 30 futures<\/a> slumped -0.32% after establishing a high at 33600. An extended dip may give sellers 33250.<\/p>

Elsewhere, gold<\/a> scooped some gains as the US inflation data looms. The non-yielding metal attracted buying amid a low-risk appetite on the day. XAUUSD rose +0.54% from $2020 as buyers may soar towards $2050.<\/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":"

The Yen attracted safe haven flows despite disappointing household spending data. The focus turned to the US CPI data and BoE decision for more moves in the market. Gloomy Chinese data revived concerns about the global recovery. EURUSD traded cautiously as investors stayed on the sidelines in European trade. The dollar kept slight gains ahead […]<\/p>\n","protected":false},"author":4,"featured_media":20654,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[18,156,28,601,193],"yoast_head":"\nMidday brief - Investors await US CPI for more volatility - 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-investors-await-us-cpi-for-more-volatility\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Midday brief - Investors await US CPI for more volatility Midday brief - Investors await US CPI for more volatility\" \/>\n<meta property=\"og:description\" content=\"The Yen attracted safe haven flows despite disappointing household spending data. The focus turned to the US CPI data and BoE decision for more moves in the market. Gloomy Chinese data revived concerns about the global recovery.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/midday-brief-investors-await-us-cpi-for-more-volatility\/\" \/>\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=\"2023-05-09T11:35:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-09T19:58:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/01\/GettyImages-467405501.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"507\" \/>\n\t<meta property=\"og:image:height\" content=\"295\" \/>\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 - Investors await US CPI for more volatility Midday brief - Investors await US CPI for more volatility\" \/>\n<meta name=\"twitter:description\" content=\"The Yen attracted safe haven flows despite disappointing household spending data. The focus turned to the US CPI data and BoE decision for more moves in the market. Gloomy Chinese data revived concerns about the global recovery.\" \/>\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=\"2 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-investors-await-us-cpi-for-more-volatility\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/midday-brief-investors-await-us-cpi-for-more-volatility\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"Midday brief – Investors await US CPI for more volatility\",\"datePublished\":\"2023-05-09T11:35:00+00:00\",\"dateModified\":\"2023-05-09T19:58:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/midday-brief-investors-await-us-cpi-for-more-volatility\/\"},\"wordCount\":337,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"EURUSD\",\"GBPJPY\",\"GOLD\",\"Stocks\",\"US CPI\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/midday-brief-investors-await-us-cpi-for-more-volatility\/\",\"url\":\"https:\/\/youtrading.com\/en\/midday-brief-investors-await-us-cpi-for-more-volatility\/\",\"name\":\"Midday brief - Investors await US CPI for more volatility - Youtrading UK\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/#website\"},\"datePublished\":\"2023-05-09T11:35:00+00:00\",\"dateModified\":\"2023-05-09T19:58:58+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youtrading.com\/en\/midday-brief-investors-await-us-cpi-for-more-volatility\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youtrading.com\/en\/midday-brief-investors-await-us-cpi-for-more-volatility\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youtrading.com\/en\/midday-brief-investors-await-us-cpi-for-more-volatility\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youtrading.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Midday brief – Investors await US CPI for more volatility\"}]},{\"@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 - Investors await US CPI for more volatility - 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-investors-await-us-cpi-for-more-volatility\/","og_locale":"en_GB","og_type":"article","og_title":"Midday brief - Investors await US CPI for more volatility Midday brief - Investors await US CPI for more volatility","og_description":"The Yen attracted safe haven flows despite disappointing household spending data. The focus turned to the US CPI data and BoE decision for more moves in the market. Gloomy Chinese data revived concerns about the global recovery.","og_url":"https:\/\/youtrading.com\/en\/midday-brief-investors-await-us-cpi-for-more-volatility\/","og_site_name":"Youtrading UK","article_publisher":"https:\/\/www.facebook.com\/YouTradingEnglish\/","article_published_time":"2023-05-09T11:35:00+00:00","article_modified_time":"2023-05-09T19:58:58+00:00","og_image":[{"width":507,"height":295,"url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/01\/GettyImages-467405501.jpg","type":"image\/jpeg"}],"author":"Nathan Batchelor","twitter_card":"summary_large_image","twitter_title":"Midday brief - Investors await US CPI for more volatility Midday brief - Investors await US CPI for more volatility","twitter_description":"The Yen attracted safe haven flows despite disappointing household spending data. The focus turned to the US CPI data and BoE decision for more moves in the market. Gloomy Chinese data revived concerns about the global recovery.","twitter_misc":{"Written by":"Nathan Batchelor","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/youtrading.com\/en\/midday-brief-investors-await-us-cpi-for-more-volatility\/#article","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/midday-brief-investors-await-us-cpi-for-more-volatility\/"},"author":{"name":"Nathan Batchelor","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab"},"headline":"Midday brief – Investors await US CPI for more volatility","datePublished":"2023-05-09T11:35:00+00:00","dateModified":"2023-05-09T19:58:58+00:00","mainEntityOfPage":{"@id":"https:\/\/youtrading.com\/en\/midday-brief-investors-await-us-cpi-for-more-volatility\/"},"wordCount":337,"publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"keywords":["EURUSD","GBPJPY","GOLD","Stocks","US CPI"],"articleSection":["Markets"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/youtrading.com\/en\/midday-brief-investors-await-us-cpi-for-more-volatility\/","url":"https:\/\/youtrading.com\/en\/midday-brief-investors-await-us-cpi-for-more-volatility\/","name":"Midday brief - Investors await US CPI for more volatility - Youtrading UK","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/#website"},"datePublished":"2023-05-09T11:35:00+00:00","dateModified":"2023-05-09T19:58:58+00:00","breadcrumb":{"@id":"https:\/\/youtrading.com\/en\/midday-brief-investors-await-us-cpi-for-more-volatility\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/youtrading.com\/en\/midday-brief-investors-await-us-cpi-for-more-volatility\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/youtrading.com\/en\/midday-brief-investors-await-us-cpi-for-more-volatility\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/youtrading.com\/en\/"},{"@type":"ListItem","position":2,"name":"Midday brief – Investors await US CPI for more volatility"}]},{"@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\/45232"}],"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=45232"}],"version-history":[{"count":0,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/45232\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media\/20654"}],"wp:attachment":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media?parent=45232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/categories?post=45232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/tags?post=45232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}