XAG/USD gets knocked back, slips back below $22 on US CPI plunge

[ad_1] Share: Spot Silver takes a knee after the US CPI inflation reading mangles investor risk appetite for Thursday. Risk appetite has soured and Silver’s meager gains for Thursday have evaporated. Investors will be keeping an eye out for changes to the Fed’s dot plot moving forward. The XAG/USD slid below $21.80 on

Live Analysis – CPI

[ad_1] Yields and the USDIndex popped higher after the hotter than projected 0.4% rise in headline CPI. Still low initial jobless claims added to the moves. The front end of the Treasury curve is underperforming on the more hawkish implications for the FOMC. The report has fostered some profit taking on the recent Treasury rally.

Newsquawk Week Ahead: FOMC minutes, ECB minutes, US & China CPI and UK GDP

[ad_1] Mon: EZ Sentix Index (Oct) Tue: Nil Wed: EIA STEO, US PPI (Sep). FOMC Minutes Thu: ECB Minutes, OPEC MOMR, IEA OMR, UK GDP (Aug), US CPI (Sep) Fri: Chinese Inflation (Sep), Chinese Trade Balance (Sep), EZ Industrial Production (Aug), US University of Michigan Prelim Note: Previews are listed in day order FOMC Minutes

Australian private survey September CPI 0.0% m/m (prior 0.2%)

[ad_1] Melbourne Institute monthly inflation gauge flat m/m prior +0.2% +5.7% y/y prior +6.1% For the trimmed mean, +0.1% m/m and +5.1% y/y prior +0.1% m/m and +5.7% y/y This indicator is moving in the right direction for the RBA. CPOI levels are still elevated though. And the trimmed mean, while having dipped, is showing