Sell the Bounce": Gold Rally Stalls Near $4165 as Fed Hawks Slam the Door on Rate Cuts — Targets $4000/$3600 
Silver Cracks Key 365-Day EMA for First Time Since Feb 2024; Bears Eye $50 on Rallies 
Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
With Iran and the US signing a peace deal, where does that leave Benjamin Netanyahu? 
Gold's 365-Day EMA Streak Since Oct 2023 Faces Its First Real Test at $3,980 — Break or Bounce to $4,140? 
SpaceX Stock Gets $175 Target as Analysts See Massive Growth Ahead 
How AI prompting turned writerly description into an everyday skill 
Today at 12:30 GMT, consumer price index (CPI) data will be released from US for April and that number will decide whether Dollar will move ahead with its breakout of month long down trend or crumble.
US inflationary trend -
- Headline inflation in US is hovering in negative territory as of now. In March headline CPI fell by -0.1%, however core inflation has remained stronger. In March headline CPI grew by 1.8%.
Expectation today -
- Today data is expected to be softer for April. CPI is expected to remain in negative territory on yearly basis and grow by 0.1% m/m. Core CPI is expected to remain stable on monthly basis growing at 0.2% and drop marginally to 1.7% on yearly basis.
Impact -
Weaker than expected CPI would surely create havoc for Dollar as inflation remains key concern of FED to consider any rate hike.
- Dollar index is currently trading at 94.95, down -0.46% today. Further loss is likely id CPI comes lower than expected.
- However, traders are likely to await to hear the speech of Janet Yellen, scheduled at 17:30 GMT, before pushing dollar to one direction based on CPI.
