
The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
The United States will publish the level of CPI and core CPI on June 12, at 15:30 MT time.
The consumer price index represents a huge part of the overall inflation. Its core level excludes the prices of food and energy due to their high volatility. Last time the actual figures of indicators disappointed the market. The headline CPI advanced only by 0.3% (vs. 0.4% expected) and the core CPI increased by 0.1% (vs. 0.2% expected). The releases weakened the USD. Let's see what happens to the greenback this time.
• Higher-than-expected figures of indicators will push the USD up;
• Lower-than-expected figures of indicators will pull the USD down.
The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
Some progress in US debt ceiling talks is made, and the PMI data is out.
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
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