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📊 A spike in U.S. inflation fails to dent gold's bullish trend The gold (XAU) price rose 0.18% on Wednesday even though the U.S. inflation figures were higher than expected, supporting the case for fewer rate cuts by the Federal Reserve (Fed) this year. 👉 Possible effects for traders XAUUSD dropped more than 1% after data showed that the U.S. consumer price index (CPI) jumped by 0.5% last month, above the 0.3% expected by the market. The CPI report reinforced the Fed's latest message that it was in no rush to resume cutting interest rates amid growing economic uncertainty. 'With today's CPI data coming in hotter-than-expected, that has put weight on the gold market. Obviously, at this point, any expectation that the market would have had of any type of rate cut later this year has now been put down', said David Meger, director of metals trading at High Ridge Futures. Despite hotter-than-expected inflation, gold recouped all yesterday's losses and closed above the critical $2,900 level. Investors seem to continue buying the dips in XAUUSD due to strong safe-haven demand. The demand persists due to fears of a global trade war spurred by U.S. President Donald Trump's new tariffs. 'Higher interest rate storyline provided a little bit of pressure on gold, the trend remains positive and trade concerns continue to drive the market', said Peter Grant, vice president and senior metals strategist at Zaner Metals. XAUUSD rose during the Asian and early European trading sessions. Despite a minor sell-off, even a drop of a few hundred dollars from nearly $3,000 isn't catastrophic, said Daniel Pavilonis, senior market strategist at RJO Futures. He added that with concerns about inflation, debt, and geopolitics, people still invest in gold. Today, traders should focus on another U.S. inflation measure, the U.S. Producer Price Index (PPI), due at 1:30 p.m. UTC. Even if the figures are higher than expected, the bullish trend in XAUUSD will likely remain intact. 'A break above $2,919 may signal the development of a new wave towards the $2,951 to $2,971 range', said Reuters analyst Wang Tao. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 Euro rises despite hot U.S. inflation The euro (EUR) gained 0.21% against the U.S. dollar (USD) on Wednesday, following Bundesbank President Joachim Nagel's hawkish comments and despite higher-than-expected U.S. consumer price index (CPI) numbers. 👉 Possible effects for traders U.S. headline inflation rate rose to 3% in January, a seven-month high, and a full percentage point above the Federal Reserve's (Fed) target rate. The data raised the likelihood that the Fed will hold interest rates higher for longer, but it looked anomalous and unlikely to signal a larger trend towards higher prices. 'January is a tricky month because a lot of annual price increases are announced for all sorts of things, and sometimes they are chunky. We are not inclined to expect a repeat next month', said Thomas Simons, chief U.S. economist at Jefferies. The belief that January's CPI was an anomaly explains why the U.S. Dollar Index (DXY) weakened on Wednesday, pushing higher other major currencies, including the euro. Also, Bundesbank President Joachim Nagel's comments provided a boost to EURUSD. He said the European Central Bank (ECB) should ease policy gradually and not target a difficult-to-define 'neutral' level for interest rates. EURUSD rose during the Asian and early European trading sessions. Today, the main event is the U.S. Producer Price Index (PPI), due at 1:30 p.m. UTC. Furthermore, several eurozone reports will be released, the most important of which is the eurozone Industrial Production at 9:00 a.m. UTC. Traders should also monitor the developments around U.S. trade tariffs. The White House said the Trump administration would announce tariffs on every country that charges duties on U.S. imports, probably including the eurozone. If implemented, tariffs will have an immediate bearish impact on EURUSD. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 Trade war worries and political rhetoric pressure CAD The Canadian dollar (CAD) lost 0.13% against the U.S. dollar (USD) on Wednesday, even as the U.S. Dollar Index (DXY) weakened despite hotter-than-expected U.S. inflation reading. 👉 Possible effects for traders USDCAD has been in a downtrend since 3 February after U.S. President Donald Trump agreed to postpone 25% tariffs on all Canadian goods and 10% on oil until early March. Still, threats of new tariffs and talks about making Canada a 51st state shake the Canadian dollar. 'I think Canada would be much better off being a 51st state', the U.S. president said recently, continuing a pressure campaign that initially ramped up in December. Earlier this week, Canadian Prime Minister Justin Trudeau warned the country's business leaders that Trump's desire—which seemed like a joke—was a 'real thing'. Overall, the recent bellicose rhetoric on both sides doesn't help USDCAD to perform in an orderly fashion. 'We are all sitting on pins and needles at this point and waiting to see what comes at the end of the moratorium on tariffs and to see whether or not the actions taken by Canada to address all the U.S. concerns with respect to the northern border have been enough', said Bipan Rai, head of ETF and structured solutions strategy at BMO Global Asset Management. Meanwhile, the recent minutes of the Bank of Canada (BOC) policy decision revealed that the central bank was extremely concerned about the economic impact of a trade war, which may prompt it to cut interest rates faster than anticipated. USDCAD was falling during the Asian and early European trading sessions. Today, traders should focus on another U.S. inflation measure release, the U.S. Producer Price Index report at 1:30 p.m. UTC. Higher-than-expected results may temporarily boost USDCAD but are unlikely to break the general bearish trend. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

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#economic_calendar These events may affect the market on 13 February.

Ethereum and the critical demand zone📈 This demand zone is the key battleground for ETH. A break above it could signal a strong move up, while failure to hold may lead to lower levels. 🚀 Right now, Ethereum is hovering above the zone with low liquidity. However, for a confirmed breakout, the downtrend line shown on the chart needs to be cleared. Which scenario do you see playing out for ETH/USD? 1️⃣ A bounce from the demand zone, breaking the trendline 2️⃣ A drop below the demand zone

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📊 Gold retreats amid profit-taking, but the bullish trend remains intact The gold (XAU) price dropped by 0.31% on Tuesday as traders started to exit their long positions after bullion failed to hold above the important $2,930 level. 👉 Possible effects for traders Despite a recent technical correction, the fears of a global trade war, spurred by U.S. trade tariffs, will likely keep investors on edge. Thus, it's too early to assume that a bullish trend in XAUUSD, which started in late December, may be over. 'Just seeing some profit-taking from the shorter-term futures traders... the market's becoming a bit overextended and just due for some downside corrective pressure and some chart consolidation', said Jim Wyckoff, a senior market analyst at Kitco Metals. On Monday, U.S. President Donald Trump substantially raised tariffs on steel and aluminium imports towards 25% 'without exceptions or exemptions'. Economists fear the decision might trigger a global trade war and increase inflation. Gold tends to perform well as a protective asset when geopolitical and economic uncertainty is rising. At the same time, U.S. interest rates remain relatively high and continue to exert some bearish pressure on the bullion. Indeed, in his first appearance before Congress this year, Federal Reserve (Fed) Chair Jerome Powell said the central bank isn't rushing to cut interest rates given a 'strong overall' economy and inflation that remains above its 2% target. A recent Reuters poll showed that the Fed would wait until the next quarter before cutting rates again. However, the Fed may postpone the decision even further if trade tariffs heighten U.S. inflation. Earlier today, XAUUSD fell during the Asian and early European trading sessions. Investors await U.S. inflation data due at 1:30 p.m. UTC for fresh clues on the interest rate outlook. 'Higher-than-expected inflation readings could extend the rate pause by the Fed, which could cause gold's performance to moderate in the short term', said Ryan McIntyre, senior portfolio manager at Sprott Asset Management. 'Spot gold may retest support at $2,879 per ounce, a break below which could open the way towards $2,847 to $2,867 range', said Reuters analyst Wang Tao. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 The euro gains on weakening U.S. dollar The euro (EUR) gained 0.52% against the U.S. dollar (USD) on Tuesday as the bullish trend in the U.S. Dollar Index (DXY) showed signs of exhaustion, prompting traders to book profits on their long positions. 👉 Possible effects for traders EURUSD has been moving sideways for about two months now as all the bearish factors for the pair have been almost entirely priced in, while bullish news has been generally absent. The divergence in monetary policy expectations between the European Central Bank (ECB) and the Federal Reserve (Fed) has favoured the greenback since October last year. Still, it hasn't grown much over the past few months. Despite Jerome Powell, the Fed Chair, confirming yesterday that there was no rush to cut U.S. interest rates, EURUSD moved higher. The rise suggested that relative monetary policy between the two countries is no longer a primary driving factor for the pair. Meanwhile, the risk of U.S. trade tariffs has already damaged the euro, pushing it below the 1.03000 mark. Still, no new tariffs for the eurozone have been announced yet. Without new fundamental impulses, EURUSD may continue to trade within a broad 1.01800–1.05300 range in the medium term. EURUSD was essentially flat during the Asian and early European trading sessions. Today, traders should focus on the U.S. Consumer Price Index (CPI) data, due at 1:30 p.m. UTC. The report might impact investors' interest rate expectations and trigger above-normal volatility in all USD pairs. The market expects a 0.3% rise in monthly core inflation and a 3.1% annual increase. Higher-than-expected figures will likely push EURUSD below the 1.03445 level. Conversely, lower-than-expected results may provoke a rally towards 1.04000. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 GBP rises despite Powell's hawkish comments The British pound (GBP) gained 0.62% against the U.S. dollar (USD) on Tuesday as the greenback weakened despite the U.S. Federal Reserve's (Fed) hawkish stance on interest rates. 👉 Possible effects for traders Fed Chair Jerome Powell said the U.S. central bank was in no rush to cut its short-term interest rate. In his speech before the Senate Banking, Housing and Urban Affairs Committee, Powell said that the view on rates reflected the U.S. economy being 'strong overall', with low unemployment and inflation remaining above the Fed's 2% target. According to Reuters, traders expected such rhetoric, so some may have preferred to exit their long positions in the U.S. Dollar Index (DXY) without new bullish surprises. As a result, other major currencies moved higher. Fundamentally, investors still expect the Bank of England (BOE) to pursue a looser monetary policy than the Fed. Markets currently imply a roughly 34% chance of two 25-basis-point rate cuts by the BOE by November 2025 but expect only a single rate cut by the Fed. GBPUSD was relatively unchanged during the Asian and early European trading sessions. Over the next 48 hours, traders should focus on two events. Today, the U.S. Bureau of Labor Statistics will release its monthly Consumer Price Index (CPI) report at 1:30 p.m. UTC. The market expects a 0.3% rise in monthly core inflation and a 3.1% annual increase. If the CPI report reveals higher-than-expected inflation figures, GBPUSD may drop slightly. If the data shows slowing inflation, GBPUSD will likely rise sharply. Furthermore, the U.K. Gross Domestic Production report will be released tomorrow at 7:00 a.m. UTC. This may further increase the GBPUSD volatility, so traders should be careful. Key levels to watch are resistance at 1.25440 and support at 1.23900. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

🇺🇸U.S Consumer Price Index (CPI) 📈 🕗Today At 7:00PM (IST) 💥Don’t Miss the Opportunity💥 🍀 BE READY WITH YOUR DEPOSIT 👍

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#economic_calendar These events may affect the market on 12 February.

🗓These are the biggest events to watch this week: The US dollar will be front and center as US economic data will dominate the upcoming week, with the highlight being the January CPI report. Producer prices and retail sales will also be important amid Trump’s tariff decisions, which risk pushing up inflation and hurting economic growth. Meanwhile in the UK, the first estimate of Q4 GDP growth will be watched by pound traders. #XM #XMIndia #EconomicCalendar #Forex #Trading