10:30pm - A decent beat or miss to affect the precious metals. Japanese Yen is at the critical 100 level so a miss weakening the US dollar and strengthening of the Yen could have the making of an interesting day in the US markets and the Japanese markets tomorrow. I normally trade the EUR/USD for US inflation figures but am adding the USD/JPY to the mix tonight. Will probably be a non-event.
Hard to know how inflation figures will impact PMs. High inflation would normally be good for gold....but it would raise the likelihood of an interest rate rise, which is bad for gold. Low inflation would normally not be good for gold....but it would lower the likelihood of an interest rate rise, which is good for gold. My 2 cents (FWIW) is that whatever number it is, it shouldn't affect PMs too much - or at least it may affect them in the opposite way to one expects! So...break out the popcorn!
