JUST IN !!!
US INFLATION COOLS: FINANCIAL MARKETS REACT AS GOLD AND BITCOIN SURGE 📈🔥
• Positive CPI Data 📊: Annual unadjusted CPI reached 3,5%, below the 3,8% forecast and the previous 4,20%. Core CPI hit 2,6%, missing the 2,8% expectation. Notably, month-on-month Core CPI growth was 0%, the smallest increase since January 2021.
• Financial Market Reaction 💸: The DXY index dropped 50 points to 100,68. US 2-year Treasury yields fell 10 basis points to 4,18%. S&P 500 and Nasdaq 100 futures rose 0,5% and 1,3%, respectively.
• Impact on Interest Rate Policy 🏦: Traders have lowered bets on a Fed rate hike this month. The probability of the Fed holding rates steady in July was previously recorded at 63,1%.
• Commodities and Crypto 🪙: Gold prices jumped 2,50% to 4.102,04 USD/ounce. Silver prices rose 3,00% to 59,5 USD/ounce. Bitcoin surpassed 63.000 USDT, up 0,38% in the last 24 hours. WTI and Brent crude saw negligible fluctuations.
$BTC $ETH $XAU
US INFLATION COOLS: FINANCIAL MARKETS REACT AS GOLD AND BITCOIN SURGE 📈🔥
• Positive CPI Data 📊: Annual unadjusted CPI reached 3,5%, below the 3,8% forecast and the previous 4,20%. Core CPI hit 2,6%, missing the 2,8% expectation. Notably, month-on-month Core CPI growth was 0%, the smallest increase since January 2021.
• Financial Market Reaction 💸: The DXY index dropped 50 points to 100,68. US 2-year Treasury yields fell 10 basis points to 4,18%. S&P 500 and Nasdaq 100 futures rose 0,5% and 1,3%, respectively.
• Impact on Interest Rate Policy 🏦: Traders have lowered bets on a Fed rate hike this month. The probability of the Fed holding rates steady in July was previously recorded at 63,1%.
• Commodities and Crypto 🪙: Gold prices jumped 2,50% to 4.102,04 USD/ounce. Silver prices rose 3,00% to 59,5 USD/ounce. Bitcoin surpassed 63.000 USDT, up 0,38% in the last 24 hours. WTI and Brent crude saw negligible fluctuations.
$BTC $ETH $XAU