It’s an important day with US CPI data, the most crucial release of the day. Considering that crude oil has been falling aggressively since mid-January, inflation could come down as expected, around 2.9% from 3%, or possibly even more. If the number is hot, this will be a big risk for the stock market, which is already in a bearish mode.
Any print around or above 3% would mean the Fed will have to stay on hold rather than cut, which is not what they are planning in this environment of lower stocks due to trade wars and some recent weak US data.
GH

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