- June inflation data from the US is coming.
- Stocks with slight rises, markets with limited tours.
- Dollar pulls back, DXY below 108.00.
Wall Street futures are in positive territory, while European futures are falling, although they have been moving in a small range for hours. All expectations on US inflation data.
Calm lasting?
In Europe, the main stock markets are falling: the FTSE 1000 0.75%, the DAX 1.03% and the CAC 40 0.81%. S&P 500 futures are up 0.32%, and Nasdaq futures are up 0.39%.
At 12:30 GMT, the US inflation data for June will be published. An increase in the annual rate is expected from 8.6% to 8.8%. The data is expected to have a high impact on monetary policy expectations and therefore on all markets. In the previous limited routes are seen.
The dollar back from highs in years. EUR/USD is above 1.0050, while DXY fell below 108.00. Emerging market currencies and those linked to commodities also rise.
The B.anco from Canada will announce its monetary policy decision. In the American afternoon data on fiscal accounts will come out and the Fed will publish the Beige Book.
The Reserve Bank of New Zealand raised the benchmark interest rate by 50 basis points to 2.50%, in line with expectations. He is expected to upload it again at the next meeting. NZD/USD rises and trades above 0.6150.
The metals they look more stable than in recovery mode. Both gold and silver remain above the lows but without a significant advance. XAU/USD is trading near $1730 and XAG/USD is trading at $19.00.
The Bitcoin rises, but modestly and stays below $20,000. The prices of Petroleum bounced slightly, validating the sharp drop of the previous days. Official data on US oil inventories will be released. President Biden is on his way to Saudi Arabia.
Twitter sued Elon Musk for abandoning the purchase of the company. Shares of the social network rise 2% in the premarket after climbing 4% on Tuesday. The second quarter earnings season is picking up pace. Wednesday will be the turn of Delta Y Fastenalamong other companies.
Technical levels
Source: Fx Street
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