With the world’s wheat either harvested or dormant, the upcoming US WW seedings could have a big impact if plantings are lower than expected.

Ultimately, the S&P 500 index currently exhibits caution and hesitancy, navigating a consolidation phase.

2024 looks nothing like 2023. While I thought 2023 would be more front-loaded, I see the opposite in 2024 with some bumps and bruises during the first half of the year with a potential peak in mid to late January.

The rate at which carbon dioxide accumulates in the Earth's atmosphere is directly affected by human activities.

GBPJPY has broken above the key resistance level at 184.30, indicating a bullish move. Further upside potential is expected after a minor consolidation.

The AUD/USD pair was flat ahead of the upcoming US inflation numbers.

Over the last 5 years gold has risen into and out of US CPI prints 60% of the time for an average 0.28% gain.

USD/CAD drops to near 1.3360 on upbeat market sentiment. A quite action is anticipated ahead of the US Inflation data. Oil prices recover amid uncertainty over commercial shipment from Red Sea.

The SEC approved a spot Bitcoin ETF from 11 companies on Wednesday. Blackrock has already filed for a spot Ethereum ETF. Other potential crypto for ETFs are Cardano, Avalanche, XRP, and Solana.

 I remain bullish on Bitcoin, but I really want to see the price make a new long-term high price before entering a long trade.

The US Dollar may stay in a correction after the US CPI inflation report, as we see it is trading in a higher degree corrective rally from the Elliott wave perspective.

Futures indicate the market anticipates 140 basis points (bps) of cuts this year. Japanese workers’ real wages fell again in November. Tokyo’s consumer inflation fell further.

Inflation has surprised to the downside and disinflationary pressures are visible across the consumer basket. Headline and core inflation is below the CNB forecast.

EUR/USD looks to US inflation data. FTSE 100 rises with supermarkets in focus ahead of US CPI.

Indian share markets are trading higher with the Sensex higher by 182 points, while the Nifty is trading 54 points higher.

We expect a consensus 0.3% MoM core inflation reading in the US today. We don't expect today's CPI release to leave very long-lasting marks on FX.

Asian stocks followed the upward trend seen in the US despite the absence of significant driving factors, as markets anticipate the release of US CPI data.

The EUR/USD pair has remained in a consolidation phase this week as attention shifts to the upcoming US inflation numbers.

Activity is expected to pick up today, with the US economic calendar heating up. In recent sessions, economic data around the globe has been mostly second-tier in nature, which has resulted in choppy sideways trade.

The GBPUSD Elliott Wave analysis suggests that the market is in an impulsive phase, with blue wave 5 of 1 currently in play.