{"id":77113,"date":"2024-02-13T11:22:53","date_gmt":"2024-02-13T09:22:53","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=77113"},"modified":"2025-12-11T15:05:48","modified_gmt":"2025-12-11T13:05:48","slug":"us-cpi-rates-due-out-today-2","status":"publish","type":"post","link":"https:\/\/www.ironfx-cn.com\/ph\/us-cpi-rates-due-out-today-2\/","title":{"rendered":"US CPI rates due out today"},"content":{"rendered":"<p>The US CPI rates for January are due to be released during today\u2019s American session. According to economists, the inflation indicator is expected to increase at a decreasing rate, implying easing inflationary pressures in the US economy. Should the CPI rates validate expectations of easing inflationary pressures by coming in as expected or perhaps lower, it could weigh on the dollar, as the Fed\u2019s hawkish rhetoric for maintaining interest rates at their current levels may be weakened. Whereas should the come in higher than expected, it could provide support for the greenback as the Fed\u2019s rhetoric of maintaining interest rates at their current levels for a prolonged period of time, may intensify, a view we tend to agree with.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"US CPI rates due out today\" width=\"750\" height=\"422\" src=\"https:\/\/www.youtube.com\/embed\/sBGuFu8EQtw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>&nbsp;In the US Equities markets, we highlight the earnings releases by Coca Cola (#KO) and Airbnb(#ABNB), later on today. Both companies are expected to report lower earnings per share and revenue compared to the previous quarter, which could weigh on the stock price of each company respectively. Whereas should they exceed expectations it could provide support for their respective stock prices. In the UK, the ILO Unemployment rate in conjunction with the average hourly weekly earnings rate both for December, exceeded expectations by market participants, implying a resilient labour market. The better-than-expected financial releases, could provide support for the pound. Switzerland\u2019s headline CPI rates for January came in lower than expected at 1.3% on year-on-year level and 0.2% on a month-on-month level, implying easing inflationary pressures in Switzerland, which could weigh on the CHF.<\/p>\n\n\n\n<p>EUR\/USD appears to be moving in an upwards fashion. We maintain a bullish outlook for the pair and supporting our case is the upwards moving trendline which has been guiding the pair since the 6<sup>th<\/sup> of February. Yet, the RSI indicator below our chart which currently registers a figure near 50, implies a neutral market sentiment. Nonetheless, for our bullish outlook to continue, we would like to see a clear break above the 1.0795 (R1) resistance level, with the next possible target for the bulls being the 1.0890 (R2) resistance line. On the other hand, for a sideways bias we would like to see the pair remain confined between the 1.0730 (S1) support level and the 1.0795 (R1) resistance line. Lastly, for a bearish outlook, we would like to see a clear break below the 1.0730 (S1) support level, with the next possible target for the bears being the 1.0645 (S2) support base.<\/p>\n\n\n\n<p>XAU\/USD appears to be moving in a downwards fashion, with the precious metal having formed a downwards moving trendline which was incepted on the 2<sup>nd<\/sup> of February. We maintain a bearish outlook for gold\u2019s price and supporting our case is the aforementioned trendline. Although we should note that the RSI indicator below our chart currently registers a figure near 50, implying a neutral market sentiment. Nevertheless, for our bearish outlook to continue, we would like to see a clear break below the 2005 (S1) support level, with the next possible target for the bears being the 1975 (S2) support base. On the other hand, for a sideways bias, we would like to see the precious metal remain confined between the 2005 (S1) support level and the 2035 (R1) resistance line. Lastly, for a bullish outlook, we would like to see a clear break above the 2035 (R1) resistance line, with the next possible target for the bulls being the 2064 (R2) resistance ceiling.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-other-highlights-for-the-day\"><strong>Other highlights for the day:<\/strong><\/h2>\n\n\n\n<p>We note in today\u2019s European session, the release of Germany\u2019s ZEW Economist sentiment figure&nbsp; for February. Later on during the American session, we highlight the release of the US CPI rates for January, whilst noting an easing going Asian session tomorrow, with no major financial releases expected. On a monetary level, we note the speech by Riksbank deputy Governor Jansson in today\u2019s European session.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-eur-usd-h4-chart\"><strong>EUR\/USD H4 Chart<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"975\" height=\"494\" src=\"\/wp-content\/uploads\/2024\/02\/image-61.png\" alt=\"support at  one point zero seven three zero and resistance at one point zero seven nine five , direction upwards  \" class=\"wp-image-77114\" title=\"eur-usd -four-hour -chart\"\/><\/figure>\n\n\n\n<p>Support: 1.0730 (S1), 1.0645 (S2), 1.0530 (S3)<\/p>\n\n\n\n<p>Resistance: 1.0795 (R1), 1.0890 (R2), 1.0985 (R3) <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-xau-usd-h4-chart\"><strong>XAU\/USD H4 Chart<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"975\" height=\"456\" src=\"\/wp-content\/uploads\/2024\/02\/image-62.png\" alt=\"support at  two zero zero five and resistance two zero three five, direction downwards  \" class=\"wp-image-77115\" title=\"xau-usd-four-hour -chart\"\/><\/figure>\n\n\n\n<p>Support: 2005 (S1), 1975 (S2), 1945 (S3)<\/p>\n\n\n\n<p>Resistance: 2035 (R1), 2064 (R2), 2088 (R3)<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1924\" height=\"470\" src=\"\/wp-content\/uploads\/2024\/02\/image-63.png\" alt=\"\" class=\"wp-image-77116\" title=\"benchmark-23-02-2024\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1016\" height=\"582\" src=\"\/wp-content\/uploads\/2024\/02\/image-65.png\" alt=\"\" class=\"wp-image-77118\" title=\"table-23-02-2024\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1350\" height=\"1125\" src=\"\/wp-content\/uploads\/2024\/02\/image-64.png\" alt=\"\" class=\"wp-image-77117\" title=\"morning-releases-23-02-2024\"\/><\/figure>\n\n\n\n<p class=\"translation-block\">If you have any general queries or comments relating to this article please send an email directly to our Research team at <a href=\"mailto:research_team@ironfx.com\" target=\"_self\">research_team@ironfx.com<\/a><\/p>\n\n\n\n<p>Disclaimer:<br>This information is not considered as investment advice or an investment recommendation, but instead a marketing communication. IronFX is not responsible for any data or information provided by third parties referenced, or hyperlinked, in this communication.<\/p>","protected":false},"excerpt":{"rendered":"<p>The US CPI rates for January are due to be released during today\u2019s American session. According to economists, the inflation<\/p>","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-77113","post","type-post","status-publish","format-standard","hentry","category-uncategorized","blog-category-financial-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>US CPI rates in focus as dollar and gold react<\/title>\n<meta name=\"description\" content=\"US CPI rates for January may move the dollar, EUR\/USD and gold as traders also watch KO and Airbnb earnings and key European data.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ironfx.com\/ph\/wp-json\/wp\/v2\/posts\/77113\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US CPI rates due out today\" \/>\n<meta property=\"og:description\" content=\"US CPI rates for January may move the dollar, EUR\/USD and gold as traders also watch KO and Airbnb earnings and key European data.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ironfx-cn.com\/ph\/us-cpi-rates-due-out-today-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-13T09:22:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-11T13:05:48+00:00\" \/>\n<meta name=\"author\" content=\"IronFX Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ph\\\/us-cpi-rates-due-out-today-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ph\\\/us-cpi-rates-due-out-today-2\\\/\"},\"author\":{\"name\":\"IronFX Team\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ph\\\/#\\\/schema\\\/person\\\/6727476356d10030d1564b38f6e699b1\"},\"headline\":\"US CPI rates due out today\",\"datePublished\":\"2024-02-13T09:22:53+00:00\",\"dateModified\":\"2025-12-11T13:05:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ph\\\/us-cpi-rates-due-out-today-2\\\/\"},\"wordCount\":733,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ph\\\/#organization\"},\"articleSection\":[\"Uncategorized\"],\"inLanguage\":\"tl\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ph\\\/us-cpi-rates-due-out-today-2\\\/\",\"url\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ph\\\/us-cpi-rates-due-out-today-2\\\/\",\"name\":\"US CPI rates in focus as dollar and gold react\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ph\\\/#website\"},\"datePublished\":\"2024-02-13T09:22:53+00:00\",\"dateModified\":\"2025-12-11T13:05:48+00:00\",\"description\":\"US CPI rates for January may move the dollar, EUR\\\/USD and gold as traders also watch KO and Airbnb earnings and key European data.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ph\\\/us-cpi-rates-due-out-today-2\\\/#breadcrumb\"},\"inLanguage\":\"tl\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ironfx-cn.com\\\/ph\\\/us-cpi-rates-due-out-today-2\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ph\\\/us-cpi-rates-due-out-today-2\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ph\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"US CPI rates due out today\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ph\\\/#website\",\"url\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ph\\\/\",\"name\":\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\",\"description\":\"&quot;Our Introducing Brokers program offers competitive conditions tailored to our partners&#039; needs. 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