The Trump trade is back in full swing as the market continues to consider the impact of US tariffs and US tax cuts from the incoming administration. Meanwhile, commodities have been sliding and risk sentiment has soured, setting up an ugly start to Tuesday trade.

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EUR/USD stays vulnerable near 1.0600 ahead of US inflation data

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EUR/USD remains under pressure near 1.0600 in European trading on Wednesday. The pair faces headwinds from the recent US Dollar upsurge, Germany's political instability and a cautiou market mood, as traders look to US CPI data and Fedspeak for fresh directives. 

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GBP/USD trades with caution near 1.2750, awaits BoE Mann, US CPI

GBP/USD trades with caution near 1.2750, awaits BoE Mann, US CPI

GBP/USD trades with caution near 1.2750 in the European session on Wednesday, holding its losing streak. Traders turn risk-averse and refrain from placing fresh bets on the pair ahead of BoE policymaker Mann's speech and US CPI data. 

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Gold price trims a part of modest recovery, focus remains on US CPI

Gold price trims a part of modest recovery, focus remains on US CPI

Gold price (XAU/USD) trims a part of modest intraday recovery gains, albeit it manages to hold above the $2,600 mark heading into the European session on Wednesday. Traders now look forward to the crucial US consumer inflation figures for a fresh impetus. 

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US CPI data preview: Inflation expected to rebound for first time in seven months

US CPI data preview: Inflation expected to rebound for first time in seven months

The US Consumer Price Index is set to rise 2.6% YoY in October, faster than September’s 2.4% increase. Annual core CPI inflation is expected to remain at 3.3% in October. The inflation data could significantly impact the market’s pricing of the Fed’s interest rate outlook and the US Dollar value.

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Five fundamentals: Fallout from the US election, inflation, and a timely speech from Powell stand out

Five fundamentals: Fallout from the US election, inflation, and a timely speech from Powell stand out Premium

What a week – the US election lived up to their hype, at least when it comes to market volatility. There is no time to rest, with politics, geopolitics, and economic data promising more volatility ahead.

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