Forex Signals Brief May 13: Can US Inflation CPI Ignite Stock Markets Further Today?

Today the US CPI inflation could propel stock markets further to the upside if it leans on the soft side, but a strong CPI would help too.

Canadian CPI Inflation expected to decline in April

Quick overview

  • U.S. stock markets surged due to a significant reduction in tariffs on Chinese goods, boosting investor confidence.
  • The S&P 500 and Nasdaq Composite each rose over 3%, reflecting renewed optimism about U.S.-China trade relations.
  • Safe-haven currencies like the Swiss franc and Japanese yen weakened as risk appetite increased among investors.
  • Bitcoin and Ethereum experienced notable gains, with Bitcoin surpassing $100,000 and Ethereum rallying after a successful update.

Live BTC/USD Chart

BTC/USD
0.0000
MARKETS TREND
TRADE BTC/USD

Today the US CPI inflation could propel stock markets further to the upside if it leans on the soft side, but a strong CPI would help too.

ABOUT THE AUTHOR See More
Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

Related Articles

HFM

Doo Prime

XM

Best Forex Brokers