US CPI data is likely to set the tone for the week alongside prominent Fed speeches. This article provides a one-stop-shop for all you need to know for the week ahead
The chart below highlights the influence inflation data can have on interest rate expectations and ultimately the dollar, after the March CPI data worryingly exceeded expectations. The month on month core CPI data has been stubbornly hot at 0.4% for the last three readings and markets will be eager to see if this focus point can head to a preferable measure of 0.2% or lower.data and secondly, through higher-than-anticipated initial jobless claims.
Gold is also likely to respond to the latest US inflation data as it tends to impact US Treasury yields, interest rate expectations and the greenback. Gold bulls will be hoping for softer CPI data to propel the metal higher and potentially test the all-time high.After poor performance earlier in the month, the U.S. dollar rebounded this week, supported by a moderate rise in bond yields.
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