📊 Asian session: broadly positive. Nikkei 225 is up ~1.3–1.4%, near 68,400, extending its rally for a second day. South Korea's KOSPI is surging over 4% on reports Temasek plans to take stakes in SK Hynix and Samsung Electronics. Shanghai's benchmark is modestly higher, while Hong Kong and Australian shares lag behind.
🇺🇸 US inflation (July CPI, out yesterday): headline +0.1% m/m, 3.4% y/y – core +0.2% m/m, 2.5% y/y. Both matched forecasts exactly, leaving the Fed's next move an open question.
💵 USD Index: holding above the 100 mark after paring its brief post-CPI dip.
💶 EUR/USD: trading in the low 1.1500s, pressured by the wide Fed–ECB rate gap.
💷 GBP/USD: high-1.3400s, cautious ahead of today's UK Q2 GDP release.
💴 USD/JPY: flat near 159.40 in Asia – intervention risk keeps a lid on gains, 160.00 is the level to watch.
🥇 Gold: holding near $4,400–4,410/oz, close to two-month highs on central-bank buying and Middle East tensions.
🛢️ Oil: WTI ~$83–84/bbl, Brent ~$89.50 – still supported by Strait of Hormuz risk.
📅 Later today: US PPI (core seen slowing to 4.2% y/y from 4.7%) and jobless claims – the next potential volatility trigger across USD pairs and gold.
⚠️ Data-heavy day ahead – manage your risk carefully!
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