Where Consumer Is King/Queen

Good morning and a Happy Hump Day to all readers as we look to open cash trade in Europe this Wednesday.

Macros: CPI YoY out of China came in 2.7%, lower than consensus forecast of 2.9% but still rising from prior reading of 2.5%. Stocks ease as the data print gets mulled over. Crude remains pressured ahead of weekly inventory figures out of the US Department of Energy later today as API figures show stockpiles are still elevated (Actual: Build of 2.156M barrels versus a consensus build of 0.073M barrels from prior build of 2.165M).

Day Ahead: All eyes will be on US CPI scheduled to be released at 1330 GMT on strengthening/weakening?the market’s resolve of the Fed to remain hawkish. For Crude traders at 1530 GMT, we will be getting the weekly DoE numbers.?

That is it from me today, for more head on over to the Duggan Capital Youtube Channel for The Daily Briefing and Pre-US Rundown. For those interested in finding a community of like-minded cohorts, do hit that purple button below and sign up for the ProTraders Package to enjoy a 1-month Free Trial Period to trade with us in our Virtual Trading Floor via Discord.

This was - Your Morning Reed.

Sources: Trading Economics, Newsquawk, Bloomberg, RTRS, Caxton.io, Amplify Trading, AmplifyME.

Disclaimer: This is for information purposes ONLY & not meant as trading/investment advice. Reader discretion advised.??