Australian CPI was expected to fall from 3.5% to 3.4%, but rose to 3.6%.
➡️ Consumer price index data Australian (CPI) (inflation), released a few hours ago, showed a small but unexpected increase in the annualized rate from 3.5% to 3.6%. The rate was expected to fall to 3.4%. Despite the slight increase, the Australian dollar remained essentially unchanged.
➡️ Global stock markets, especially in Asia, have been trading lower since Fed member Kashkari made some aggressive comments towards the end of the day in the US. Kashkari said the FOMC has not entirely ruled out the prospect of a rate hike. US Treasury yields rose and the US dollar gained slightly following the comments. Today the HSI Chinese fell by more than 1.5%.
➡️ The precious metal silver rose again yesterday to close at a new 10-year high, with the all-time 10-year high price at $32.50 well in sight. AND Of note, spot silver is outperforming They . Traders who follow long-term trends will be interested in silver on the Long side.
➡️ In the Forex market , the strongest major currency since Tokyo opened is the US dollar, while the Norwegian krone is the weakest major currency, focusing the USD/NOK currency pair.
➡️ Preliminary data on the German CPI will be published today.
➡️ Yesterday's release of US CB consumer confidence data was better than expected.
Credit by DailyForex.com