Market mood is stable before the US inflation data, but a strong read could further hammer the risk appetite today.

US crude breaks above the two-month downtrending channel top as aluminum futures rise in an exponential trend, hinting that the inflation may not be ready to ease just yet.

On individual company front, Intel gained more than 2% on news that the company will lower its price to fight back competition. Intel’s latest collaboration with Nio to launch robotaxis in Europe may also give a boost to the share price, but Intel is not the only one rushing to the self-driving taxi market.

Finally, Litecoin spikes on fake news that Walmart would accept LTC payments while other cryptocurrency prices consolidate.

 

This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.

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