US CPI coming up, looking at $USD strength vs. metals
Watching the run-up to the upcoming US CPI release with a bit of a pause. We've seen $USD at 100.65 today, which is a decent bounce from its earlier range, but $XAGUSD is also trading at 56.915, down a bit but still holding above its daily low. My question is, if we get a hotter than expected print, does that give the Fed more room to stay hawkish, potentially fueling further $USD strength and putting pressure on metals, or are we priced in for most of that already? Curious how others are positioning their watches around this - particularly with the $USDT seemingly holding steady at 0.99842, it feels like there's a lot of potential energy waiting to be released depending on how the market digests the inflation data.