HFM

🇬🇧 UK inflation remained at 2.8%, avoiding a further increase and coming in lower than analysts’ expectations. The Pound came under significant pressure after the release, and this significantly lowers any possibility of a rate hike in 2026. 🚀 SpaceX extended gains, rising 4.8% and becoming the fifth most valuable US company. However, global indices declined on Tuesday, particularly the NASDAQ. The decline was due to profit-taking and caution ahead of the new chairman’s press conference. 📉 Analysts note that stocks within the NASDAQ that triggered the decline are stocks that have seen significant gains in the previous days. For this reason, investors believe the decline is also due to profit-taking after significant quick gains. 📊 Stocks that saw significant declines include Broadcom (-4.75%), Micron Technologies (-6.18%) and AMD (-7.30%). 🏦 Investors are taking a cautious approach ahead of tonight's Fed decision and Kevin Warsh’s first press conference as chairman. 📋 Markets expect rates to remain unchanged at 3.50%-3.75%, with attention focused on economic projections and future policy signals. 💵 Investors are also watching for details on Warsh’s plans to reform the Fed, as any changes to QE could pressure stocks and support the US Dollar. 🛢️ Crude oil continues to decline towards $75 and falls to its lowest price since 5 March. Markets welcomed reports of a US-Iran framework agreement, including a ceasefire, sanctions relief, and the reopening of the Strait of Hormuz. 🥇 A key concern for technical analysts regarding Gold is that it has not been able to maintain bullish momentum while the US Dollar has continued to decline. This can be seen as a key signal that Gold may again decline or remain within a new price range between $4,000 and $4,350.