Spreads
Spreads
Spreads
Spreads
Spreads
Make informed decisions with the most up-to-date and reliable financial data, exclusively provided by vtmarkets.com.
The Dow closed lower Tuesday, as investors digested the latest data showing signs of cooling, but stickier inflation that triggered a jump in Treasury yields on bets for a more aggressive Federal Reserve. The Dow Jones Industrial Average fell 0.46% or 156 points, the Nasdaq was up 0.57%, and the S&P 500 was flat.
The consumer price index rose 0.5% last month, in line with expectations, but for the 12 months through January was 6.4%, above expectations of 6.2%. Core inflation, which strips out energy and food prices, slowed to an annualized pace of 5.6% in January, though that was smaller than the expected decrease of 5.5%.
Stocks in Asia are primed for a cautious open after a choppy day on Wall Street ended flat as investors balanced hot inflation data with Federal Reserve commentary suggesting US interest rates may soon peak.
Shares in Australia fell and equity futures in Japan and Hong Kong inched higher. US futures edged lower in early Asian trading. The S&P 500 ended Tuesday little changed while the tech-heavy Nasdaq 100, which is more sensitive to higher interest rates, rose 0.7%.
Main Pairs Movement
US DXY gauges the greenback versus a basket of its main competitors, try to regain some composure, and leaves behind earlier lows in the lower 103.0 regions on turnaround Tuesday. The dollar was largely unchanged based on the US core CPI (MoM, Jan) figure fits market expectations with a 0.4% rise, CPI (YoY, Jan) 6.4% with 0.2% higher than forecast, and CPI (MoM, Jan) 0.5%.
At the time of writing, the price traded at 103.269, twenty minutes before the trading session closing.
Although the Fed hawks joined the technical breakdown to tease the Gold bears, the metal’s further downside hinges on how well the scheduled United States data can entertain the XAU/USD sellers. Among them, US Retail Sales for January, expected at 1.8% versus -1.1% prior, will be closely watched for clear directions. Should the data management reverse the previous monthly contraction, the odds of witnessing further XAU/USD downside can’t be ruled out. At the time of writing, the price traded at 1853.91.
WTI oil bears seek a break of $79.00 to open the floodgates. US crude prices are adding to earlier declines, falling after the US consumer price index data and during the Wall Street cash open. At the time of writing, the US oil price traded at 78.837.
Make informed decisions with the most up-to-date and reliable financial data, exclusively provided by vtmarkets.com.
Economic Data
| Currency | Data | Time (GMT + 8) | Forecast |
| GBP | CPI (YoY) (Jan) | 15:00 | 10.3% |
| USD | Core Retail Sales (MoM) (Jan) | 21:30 | 0.8% |
| USD | Retail Sales (MoM) (Jan) | 21:30 | 1.8% |
| EUR | ECB President Lagarde Speaks | 22:00 | |
| USD | Crude Oil Inventories | 23:30 | 1.166M |
