Global markets await US data: inflation, oil, and the dollar exchange rate in focus
🌍 Markets May 13: the dollar strengthens, investors await data on oil and inflation. Global financial markets remain cautious after strong inflation data from the US. The rise in consumer prices has heightened expectations for a tighter
🌍 Markets May 13: the dollar strengthens, investors await data on oil and inflation
Global financial markets remain cautious after strong inflation data from the US. The rise in consumer prices has heightened expectations for a tighter Fed policy, which has supported the dollar and put pressure on currency and commodity markets.
📊 🇺🇸 US — market near highs
The US stock market continues to hold near highs due to strong bank earnings and robust demand in the technology sector.
💵 Currency Market — the dollar strengthens
EUR/USD is trading around 1.1735–1.1740, GBP/USD is holding around 1.3540, and USD/JPY is near 157.65–157.70.
The dollar's strength is linked to rising yields on US bonds and a reassessment of Fed interest rate expectations.
🛢 Oil Market — correction to $92
WTI is correcting to around $92 per barrel. Investors are awaiting the IEA report, the monthly OPEC report, and EIA data on US oil inventories.
These publications may set the direction for the commodity market in the coming weeks.
📈 What the market is watching today
- Eurozone GDP for Q1
- US Producer Price Index (PPI)
- US oil inventory statistics
- The main drivers of the market remain US inflation, Fed policy, and the situation in the commodity market. High volatility persists in both currency markets and the commodities sector.