PREVIOUS TRADING DAY EVENTS 13 Oct 2023

According to the University of Michigans preliminary reading on the overall index of consumer sentiment, US consumers yearahead inflation expectations rose sharply. Consumer sentiment fell sharply as households anticipated higher inflation over the next year.

Nearly all demographic groups posted setbacks in sentiment, reflecting the continued weight of high prices, Joanne Hsu, the director of the University of Michigans Surveys of Consumers, said in a statement.

The surveys reading of oneyear inflation expectations increased to 3.8 this month from 3.2 in September.

The fiveyear inflation outlook rose to 3.0 from 2.8 in the prior month, staying within the narrow 2.93.1 range for 25 of the last 27 months.

Source httpswww.reuters.commarketsususconsumersentimentweakensoctober20231013

Winners and Losers

Metals remain on top this month. Gold reached 3.53 gains and Silver reached 1.74 gains so far.

News Reports Monitor Previous Trading Day 13 Oct 2023

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Midnight Night Session Asian

Chinas Consumer Price Index CPI figure was reported as 0 in September after accelerating by 0.1 in August. The market expected an increase of 0.2 though. Chinese CPI inflation rose to 0.2 over the month in September versus the 0.3 decrease seen in August. At the time of writing, AUDUSD is a little affected by the key Chinese data release, keeping its range at around 0.6325.

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