Markets stay cautious as the delayed U.S. CPI report keeps uncertainty elevated.
DXY holds firm near 99.55, euro and sterling trade steady, and yen stays weak above 154.
Equities lean mildly risk-on, while gold remains strong and oil stays pressured below $60.
Previous Session Recap
• DXY edged up toward 99.55 as rate-cut bets were pared back.
• EUR/USD held near 1.1610 after testing weekly highs.
• GBP/USD slipped toward 1.3120 on softer UK data.
• USD/JPY hovered near 154.75, with dips still bought.
• Gold traded around $4 200, supported by lower yields.
• WTI crude slid to $58.40 on inventory builds.
• Dow closed at fresh record highs; tech remained mixed.
Today’s Focus
German sentiment follow-through, delayed U.S. CPI implications, and comments from Fed officials.
Energy markets watch U.S. inventory trends as crude remains weak.
Forex & Commodities Outlook
DXY: 99.55 ( +0.08% ) 🔼 – Support 99.30; resistance 99.90–100.10.
EUR/USD: 1.1610 ( +0.25% ) 🔼 – Soft above 1.1580; resistance 1.1650.
GBP/USD: 1.3120 ( –0.15% ) 🔽 – Support 1.3060; resistance 1.3180.
USD/JPY: 154.75 ( ⏸️ ) – Support 154.00; resistance 155.00.
XAU/USD: $4 200 ( +0.30% ) 🔼 – Range 4 120–4 250.
WTI Crude: $58.40 ( –0.25% ) 🔽 – Support 57.70; resistance 59.30.
S&P 500 / NASDAQ: Futures slightly higher ( +0.1–0.2% ).
Key Technical Zones
| Instrument | Support | Resistance |
|---|---|---|
| DXY | 99.30 | 99.90 |
| EUR/USD | 1.1560 | 1.1650 |
| GBP/USD | 1.3060 | 1.3180 |
| USD/JPY | 154.00 | 155.00 |
| Gold | 4 120 | 4 250 |
| WTI | 57.70 | 59.30 |
Trader’s Takeaway
CPI delay means uncertainty lingers.
Stay patient — ranges dominate until the next major catalyst breaks the stalemate.
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