🚀 US September CPI Data To Be Released Tonight
#CPI #USData #September2023 #ConsumerPriceIndex #BlockBeats
According to BlockBeats, the United States' September unadjusted Consumer Price Index (CPI) year-over-year data is scheduled to be released tonight at 20:30 UTC+8.
The expected year-over-year CPI for September is projected to be 2.3%.#CPI #USData #September2023 #ConsumerPriceIndex #BlockBeats
🚀 Market Concerns Rise Ahead Of Trump's Inauguration
#MarketConcerns #TrumpInauguration #StockMarket #SellTheNews #RiskAppetite #CryptoRegulation #BitcoinReserve #EconomicReforms #QCPcapital #USData
According to BlockBeats, analyst Omkar Godbole has suggested that the defensive positioning in the stock market may be due to concerns that President-elect Trump's inauguration on January 20 could be a 'sell the news' event. Over the past two months, there has been an increase in risk appetite in financial markets, with expectations that the incoming Trump administration will implement business-friendly and economic reforms. However, the possibility of profit-taking cannot be ignored.
Trump's inauguration on January 20 is widely anticipated to lead to changes in cryptocurrency regulation and potentially establish a strategic Bitcoin reserve in the coming months. These developments could support the next market cycle. QCP Capital shares a similar view, advising traders to wait for new U.S. economic data on Friday before making further market moves.#MarketConcerns #TrumpInauguration #StockMarket #SellTheNews #RiskAppetite #CryptoRegulation #BitcoinReserve #EconomicReforms #QCPcapital #USData
🚀 Gold’s Sell-Off Losses Halved, but Analysts Warn of Another Downside Risk
#Gold #SellOff #Losses #Rebound #Analysts #DownsideRisk #USData #RateExpectations #TechnicalRebound #Consolidation #ISMPMI #ADPData #NonFarmPayrolls
Gold has entered a short-term rebound phase after suffering one of its sharpest pullbacks in decades, but analysts warn that downside risks remain elevated amid resilient U.S. economic data and shifting rate expectations.According to Giuseppe Dellamotta, an analyst at financial news platform Investinglive, roughly half of gold’s recent decline has been recovered, signaling a technical rebound rather than a structural trend reversal.Dellamotta said underlying fundamentals remain unfavorable for sustained upside, suggesting gold prices are likely to trade in a wide consolidation range below January’s highs or face the risk of another corrective leg lower in the weeks or months ahead.Recent U.S. macro data has reinforced this cautious outlook. The ISM Manufacturing PMI released on Monday surprised to the upside, with the new orders index rising to its highest level since 2022. While the data did not immediately trigger renewed selling pressure — as the Federal Reserve remains focused primarily on labor market and inflation dynamics — it highlighted lingering risks for gold bulls.Market attention now turns to U.S. ADP employment data and ISM Services PMI, both due later today. Dellamotta noted that stronger-than-expected readings could prompt a more hawkish reassessment of interest rate expectations, weighing further on gold prices.Conversely, weaker data could allow gold’s rebound to extend, particularly as markets position cautiously ahead of next week’s U.S. non-farm payrolls report, potentially opening the door for a retest — or break — of recent highs.#Gold #SellOff #Losses #Rebound #Analysts #DownsideRisk #USData #RateExpectations #TechnicalRebound #Consolidation #ISMPMI #ADPData #NonFarmPayrolls
🚀 German 10-Year Bond Yields Decline Following U.S. Economic Data Release
#Germany #BondYields #USData #EconomicIndicators #GlobalMarkets
The yield on Germany's 10-year government bonds fell to 2.83% after the release of U.S. economic data. According to Jin10, this marks a decrease of 2 basis points from previous levels. The movement in bond yields reflects market reactions to the latest economic indicators from the United States, which continue to influence global financial markets.#Germany #BondYields #USData #EconomicIndicators #GlobalMarkets
🚀 U.S. Refinery Utilization Rate Slightly Below Expectations
#USrefinery #utilizationrate #refineryactivity #Jin10 #oilrefining #USdata #refineryperformance
The U.S. refinery utilization rate for the week ending April 3 was reported at 92%, according to Jin10. This figure fell short of the anticipated 92.5% and was slightly lower than the previous week's rate of 92.1%. The data reflects a minor deviation from expectations, indicating a slight decrease in refinery activity compared to forecasts.#USrefinery #utilizationrate #refineryactivity #Jin10 #oilrefining #USdata #refineryperformance
🚀 U.S. February Factory Orders Remain Unchanged, Beating Expectations
#US #FebruaryFactoryOrders #Economy #FactoryOrders #BeatingExpectations #Jin10 #USData
The U.S. factory orders for February showed no change, according to recent data. According to Jin10, the orders remained flat at 0%, surpassing the anticipated decline of 0.2%. The previous month's figure was revised from an initial 0.10% to 0%.#US #FebruaryFactoryOrders #Economy #FactoryOrders #BeatingExpectations #Jin10 #USData