差价合约 (""CFDs"") 是复杂工具,并且由于杠杆作用而资本迅速亏损的风险很高。在与该提供商交易差价合约时,76%的零售投资者账户会亏钱。您应该考虑是否了解差价合约是如何运作的,以及您是否有能力承担损失金钱的高风险。

差价合约 (""CFDs"") 是复杂工具,并且由于杠杆作用而资本迅速亏损的风险很高。在与该提供商交易差价合约时,76%的零售投资者账户会亏钱。您应该考虑是否了解差价合约是如何运作的,以及您是否有能力承担损失金钱的高风险。

损失可能超过您的存款

US inflation rises; Stocks called to start lower

下午9:07 2019年8月13日

Summary:

  • US CPI Y/Y: +1.8% vs +1.7% exp 

  • Gold pulls back from 6-year high above $1530

  • Wall Street set to begin in the red

 

The start of the week has been dominated by risk-off moves as equities have pulled back as rising tensions in Hong Kong have weighed on risk sentiment. This has caused precious metals to surge as an already conducive environment for rallies in Gold and Silver has received another boost and the former earlier traded as high as $1535/oz - its highest level since 2013! 

 

The start of this surge began in earnest back in June when the Fed decision paved the way for rate cuts, and since then markets have been expecting an increasingly accommodative monetary policy from the US central bank. Along these lines, inflation takes on a greater importance as the decision to cut is almost solely due to slowing growth rather than an attempt to boost price pressure. Therefore a rise in inflation would be an unwanted development for the Fed, but that’s what they’ve just got with the release of the latest figures.

US inflation picked up according to the latest CPI data, with the core reading still holding above the 2.0% Fed inflation target. Source: XTB Macrobond  

 

For July CPI Y/Y rose to +1.8% vs +1.7% expected, up from 1.6% previously. The core measure also topped consensus forecasts with an ex food and energy reading unexpectedly rising to 2.2% Y/Y, against an expected unchanged reading of +2.1% Y/Y. While the Fed’s preferred gauge of inflation, the PCE Core, remains well below the 2.0% target the core CPI is above it and if this persists it could become a problem for the Fed. Looking more closely at the release the drop in wage growth could be seen to suggest that there’s a pullback due in inflation, with both the real average hourly (+1.3% Y/Y vs +1.5% Y/Y) and weekly earnings (+0.8% Y/Y vs +1.2% prior) figures dropping.  

The S&P500 dropped back below the 2900 handle during Monday’s session and in doing so the market is also beneath Ichimoku cloud - a potential indication that the near term trend has turned lower. Source: xStation

 

 

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