US Consumer Prices Rose 0.4% in August; Core Inflation Exceeded Expectations

In the US, the August CPI data came in above expectations with a monthly increase of 0.4%, and core inflation exceeding forecasts has heightened concerns that the Fed may delay interest rate cuts. This could create additional downward pressure on the DJI index, which is already in selling mode and has lost over 2.5% in the last 24 hours. Technical indicators also point to a weak picture: although RSI at 28 is approaching oversold territory, MACD is negative and below the signal line, and the price is below the 20 and 50-day moving averages. In the short term, even if reaction buying is seen, the downside risk is likely to continue due to inflation-related uncertainty and technical deterioration. Nevertheless, oversold conditions may limit sharp declines; therefore, although the direction is downward, the confidence level should be kept at a moderate level.

In the US, August CPI rising 0.4% month-over-month and core inflation exceeding expectations could signal that the Fed may delay interest rate cuts, potentially creating a mildly positive short-term effect for the DXY. However, DXY is already near overbought territory with RSI14 at 68 and has risen 0.18% in the last 24 hours, indicating that upward movement may be limited. MACD being just above the signal line suggests momentum is positive, albeit weak. The price trading above SMA20 and SMA50 confirms that the short-term trend is still upward. With a hawkish interpretation of the inflation data, DXY could react towards the 99.20-99.50 range, but due to overbought conditions, additional confirmation is needed for a sustained rise.

In the US, the August CPI increased by 0.4% month-over-month, and core inflation exceeded expectations, signaling that the Fed might delay interest rate cuts. This could put short-term pressure on gold prices. However, GLD's last close was 4358.49, up 0.97% daily, and its RSI is 32.3, near the oversold zone. The MACD is in negative territory and below the signal line, confirming weak momentum. Following the inflation data, selling pressure on gold may be seen, but oversold conditions indicate limited downside potential.