The U.S. Bureau of Labor Statistics and the Department of Labor successively released the Consumer Price Index (CPI) for March and the number of initial jobless claims for the week ending April 5. The CPI data unexpectedly weakened, falling 0.1% month-on-month, lower than the 0.2% increase in February, and also failed to meet the 0.1% increase expected by economists; it rose 2.4% year-on-year, lower than the 2.8% in February and the market expectation of 2.6%. 3%. The main factor driving this cooling was that the energy core CPI (excluding food and energy) rose only 0.1% month-on-month, and the year-on-year growth rate fell from 3.1% in February to 2.8%, which was lower than the expected cost decline (the annual rate of energy CPI in March fell to -3.3%) and the fading of the price increase effect at the beginning of the year.
The slowdown in inflation and the weakening of the U.S. dollar directly ignited the enthusiasm of bulls. Spot gold broke through $3,120/ounce and continued to test $3,130. COMEX futures rose more fiercely, showing the resonance of risk aversion and anti-inflation demand. If USD/JPY falls below 140, gold may further challenge the $3,150 mark. In the foreign exchange market, the strength of the euro and the pound reflects the collective counterattack of non-US currencies, while the yen is supported by the expected meeting between Japanese and US officials at the beginning of next week. The meeting between Japanese officials and US Treasury Secretary Benson may further consolidate the momentum of the yen's rebound. The crude oil market reacted relatively mildly, as the annual rate of energy CPI fell to -3.3%, and the upward momentum of oil prices was limited in the short term, but we need to be vigilant about the potential interference of geopolitical factors.
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✔Copy accurate trading signals✔Manage accounts🎁Stable profit of more than 210.8% per week🎁Success rate is as high as 98.55%, real-time communication: t.me/cryptoanalyst_baker
Signal entry: t.me/FcCygjylf
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Disclaimer
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