Focus Shifts From Trump Victory To Inflation What Now?
Hey there,
So, it would seem that all the hype and excitement surrounding the election has begun cooling off as traders and investors begin shifting their focus to the inflationary data scheduled to come out.
here are some of the key points highlighted in today's video.
Dollar:
- The dollar continues to challenge the highs of June ahead of key U.S inflation data later today.
- Investors are pricing in lower taxes and trade tariffs under the new administration that are seen as inflationary.
- Taking this into consideration, the market could be more sensitive if CPI comes in hotter-than-expected.
- According to the FedWatch tool, there is a 60% chance of another quarter basis point cut for December, down from 84% a month ago.
Gold:
- After Trump's election win sparked a massive “Risk-On” rally across global markets, recent losses saw Gold hit a near two-month low on Tuesday.
- Gold managed to recover some of its losses during the Asian session although its still massively down after breaking the Oct low.
- Now with CPI in focus, Gold appeared to have steadied as inflation data proves to offer more cues on interest rates.
- Trump’s election victory adds to the uncertainty over the inflation outlook as he is widely expected to roll out more expansionary policies during his second term, presenting a heightened outlook for inflation and interest rates.
- Uncertainty over interest rates increased after a warning from Minneapolis Fed President Neel Kashkari said that any increase in inflation could see the Fed pause its rate cutting spree
Crypto:
- After nearly peaking at 90k Bitcoin began its retrace focus now turns towards the upcoming U.S inflation data.
- Dogecoin also experienced a slight retrace after an impressive rally to the upside.
- One of the biggest reasons for the recent rally across all major crypto currencies was due to Trump vowing to make America the Crypo capital of the world, even hinting at the idea of a national Bitcoin reserve.
- This endorsement leads Crypto proponents anticipating friendlier regulatory environments, leading Bitcoin as a credible investment vehicle.
So, it would seem that all the hype and excitement surrounding the election has begun cooling off as traders and investors begin shifting their focus to the inflationary data scheduled to come out.
here are some of the key points highlighted in today's video.
Dollar:
- The dollar continues to challenge the highs of June ahead of key U.S inflation data later today.
- Investors are pricing in lower taxes and trade tariffs under the new administration that are seen as inflationary.
- Taking this into consideration, the market could be more sensitive if CPI comes in hotter-than-expected.
- According to the FedWatch tool, there is a 60% chance of another quarter basis point cut for December, down from 84% a month ago.
Gold:
- After Trump's election win sparked a massive “Risk-On” rally across global markets, recent losses saw Gold hit a near two-month low on Tuesday.
- Gold managed to recover some of its losses during the Asian session although its still massively down after breaking the Oct low.
- Now with CPI in focus, Gold appeared to have steadied as inflation data proves to offer more cues on interest rates.
- Trump’s election victory adds to the uncertainty over the inflation outlook as he is widely expected to roll out more expansionary policies during his second term, presenting a heightened outlook for inflation and interest rates.
- Uncertainty over interest rates increased after a warning from Minneapolis Fed President Neel Kashkari said that any increase in inflation could see the Fed pause its rate cutting spree
Crypto:
- After nearly peaking at 90k Bitcoin began its retrace focus now turns towards the upcoming U.S inflation data.
- Dogecoin also experienced a slight retrace after an impressive rally to the upside.
- One of the biggest reasons for the recent rally across all major crypto currencies was due to Trump vowing to make America the Crypo capital of the world, even hinting at the idea of a national Bitcoin reserve.
- This endorsement leads Crypto proponents anticipating friendlier regulatory environments, leading Bitcoin as a credible investment vehicle.
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