Financial market overview
U.S. Yields Bullish Ahead Of CPI
2022.10.13 04:57
Markets are slow ahead of for September, which speculators will watch closely as it should be important for Fed’s policy. However, even if CPI comes lower, their inflation target is still far away, so they will likely resume with the current rates policy, especially when job figures are fine.
During the release, traders should watch closely the yields, which can see more upside as notes are still not breaking the lows into a fifth wave. So based on these technicals looks like the US dollar will stay strong, which will cause more weakness in metals and stocks.
We see room for a new 2022 low for as the yellow metal can make an ending diagonal in a fifth wave, so ideal support can be at the lower trendline neat 1600/40.
