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The U.S. dollar rallied vigorously on Wednesday, fueled by hotter-than-expected U.S. inflation numbers – an upswing that propelled USD/JPY to a fresh 2024 peak and its highest level since June 1990.

In the dynamic realm of forex trading, emerging market currency pairs have garnered significant attention in recent years for their unique blend of volatility and potential returns.

The broad surprise in US CPI data has jolted FX markets ahead of the ECB meeting. Markets have downgraded expectations of Fed cuts, weighing on EUR/USD. EUR/GBP lower

US inflation came in above forecast in March, sending the US dollar sharply higher, as US rate cut expectations are pared back further.

Traders are drawn to volatility due to increased trading opportunities. However, volatile markets require skill, experience, and effective risk management.

The precious metal remains bid and in record high territory, underpinned by ongoing fears in the Middle East. Today’s US inflation data may hamper further progress.

Wednesday's U.S. inflation report has the potential to cause significant volatility, so traders should prepare for the possibility of treacherous market conditions, especially if the incoming data surprises to the upside.

The Federal Open Market Committee (FOMC) minutes, released a few weeks after each policy meeting, offer traders valuable insights into the U.S. central bank’s thinking. These minutes can have a significant impact on the U.S dollar and gold prices.

Precious metals soar, with gold printing another new high and silver picking up where it left off last week. Prices appear immune to warnings of delayed rate cuts

USD/JPY remains close to making a fresh multi-decade high despite official warnings last week that the Yen was too weak. The question lingers: will the BOJ take action beyond verbal intervention to strengthen the Yen?

The disconnect between the US dollar and US treasuries recently is an interesting one but may have to do with improving EU sentiment. Upward surprise in CPI to jolt DXY?

Gold has soared and hit one record after another this year despite the rally in U.S. real yields, with the bulk of the bullish move taking place over the course of the past two months. What’s behind bullion’s boom?

EUR/USD, the most heavily traded currency pair in the forex market, provides a wealth of attractive opportunities for retail traders. Its unparalleled popularity and deep liquidity create a dynamic environment where numerous strategic approaches can thrive.

Wednesday's U.S. inflation report will be the focus of market attention. An acceleration in price pressures should be bullish for the U.S. dollar, while a downside surprise in the data should be bearish.

The Reserve Bank of New Zealand (RBNZ) is likely to keep rates on hold due to stubbornly high inflation. Rate cuts are still some way off. AUD/USD tests crucial resistance

Bitcoin is above $72k to start the week and is looking set to print a new all-time high ahead of the highly anticipated halving event later this month.

Israeli troops have been withdrawn from Southern Gaza in response to the recent backlash. Peace talks also got underway in Egypt at the weekend but progress remains limited

The US dollar has opened the week on the front foot, supported by higher US Treasury yields. A June US rate cut is now seen as 50/50

This week sees crucial US inflation (CPI) data alongside deliberations from the European Central Bank on monetary policy. FOMC minutes may already be out of date

The U.S. dollar lost ground this past week, but the tide could turn back in its favor in the coming days, especially if Wednesday's U.S. inflation report surprises to the upside and triggers a hawkish repricing of interest rate expectations.