The Consumer Price Index rose 0.4 percent in April on a seasonally adjusted basis, after rising 0.1 percent in March, the US Bureau of Labor Statistics reported today. Over the past 12 months, the all-items index increased 4.9 percent before seasonal adjustment. The housing index was the largest contributor to the monthly increase for all items, followed by increases in the used car and truck index and the gasoline index.
EURUSD presented buying pressure against US inflation data. Buyers entered market ranges from 1.0940 to 1.10. New next buying levels start at 1.0993 with TP 1.1003 (overnight). Then from 1.1010 with TP 1.1020 although this last purchase must be made in the spot market without a buy stop with expiration at 1.0998. We rule out selling at current prices above 1.0930 and 1.0950.
GBPUSD remained buyer before the inflation data. The price got intervals from 1.26 to 1.2670. Current levels remain buyers from buy stop at 1.2640 with TP 1.2650. On 1.2650 they extend to TP 1.2670, the purchase of 1.2650 is already in the market and it would not be prudent for a buy stop to be made at the market with expiration at 1.2647. The sales are ruled out with a sell stop rate at 1.26 and 1.2590. We must assess the opening of London tomorrow.
USDCAD remains below 1.34. Preference is selling below 1.3370 to 1.3360 and 1.3350 to 1.3340. Overnights are not recommended at this junction. We will evaluate sales tomorrow.
XAUUSD XAGUSD remains buyers. In gold over 2030.0, purchases extend to 2040. and 2050. In silver, purchases begin at 25.50 to 25.60 and 25.70.
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