{"id":26541,"date":"2022-01-13T09:14:42","date_gmt":"2022-01-13T07:14:42","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=26541"},"modified":"2025-10-13T13:22:47","modified_gmt":"2025-10-13T10:22:47","slug":"decembers-us-cpi-rates-weaken-usd","status":"publish","type":"post","link":"https:\/\/www.ironfx-id.com\/ms\/decembers-us-cpi-rates-weaken-usd\/","title":{"rendered":"December\u2019s US CPI rates weaken USD"},"content":{"rendered":"<p>The USD retreated across the board yesterday as the US December CPI rates release created bearish tendencies for the greenback. It should be noted that the headline CPI rate for December accelerated as was expected reaching 7% yoy, which is the highest level reached for the rate since 1982, yet that did not seem to worry traders as it may have been deemed insufficient for the Fed\u2019s monetary policy to become even more hawkish. It should also be noted that on a month-on-month level the rate slowed down albeit not as much as expected, yet nevertheless may have implied that the advance of inflationary pressures may be losing some steam. Today, we note the release of the PPI rates for December and please note that the PPI rate forecasts are similar to what was expected for the release of December\u2019s CPI rates for the US.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"USD weakened across the board | EN | 13\/01\/2022\" width=\"750\" height=\"422\" src=\"https:\/\/www.youtube.com\/embed\/yUhnBGJgk9k?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>We would also like to turn our attention to the US employment market as we get the release of the US weekly initial jobless claims figure. On the monetary front, we note that Fed Board Governor Brainard is to testify before the Senates\u2019 Banking committee for her nomination hearing but also Richmond Fed President Barkin and Chicago Fed President Evans are scheduled to speak. Please bear in mind that US stockmarkets tended to end their day in the greens given that the US inflation rates\u2019 acceleration did not surpass expectations and may not warrant a more aggressive monetary policy tightening. Gold\u2019s price also tended to gain from the release and the weakening of the USD, as the precious metal is also considered a hedge against inflationary pressures and is currently near a one week high, yet the bulls seem to be advancing at a slower pace.<\/p>\n\n\n\n<p>Moving to Oceania, AUD gained against the USD, benefiting from USD\u2019s weakness yesterday and investors\u2019 turn towards growth or if you prefer commodity currencies. During Friday\u2019s Asian session, Aussie traders and Australian exporters of raw materials are expected to keep a close eye on the release of Chinas\u2019 December trade data. Despite China\u2019s trade balance may be regarded as the key indicator for the release Australian exporters of raw materials may prefer to concentrate on the release of China\u2019s import growth rate which is expected to slow down and if so, could weaken AUD. Australia\u2019s trade data for November, showed a narrowed trading surplus and should China\u2019s import growth rate also slow down for December, the trading data of Australia may show a worrying picture for December as well, as the potential of further narrowing of Australia\u2019s trade surplus cannot be excluded.<\/p>\n\n\n\n<p>AUD\/USD was on the rise yesterday yet seemed to find some resistance at the 0.7290 (R1) level. To abandon our bias for a sideways movement in favour for a sideways movement we would require a clear breaking of the 0.7290 (R1) level, in order for un upward trendline to be formed. Please note that the RSI indicator below our 4-hour chart is at the reading of 70, which on the one hand confirms the bullish sentiment yet may also imply that the pair is ripe for a correction lower. Should the bulls actually maintain control over AUD\/USD, we may see it breaking the 0.7290 (R1) resistance line and aim for the 0.7365 (R2) level. Should a correction lower take place we may&nbsp; see the pair reversing course and aim if not breach the 0.7230 (S1) line.<\/p>\n\n\n\n<p>Dow Jones on the other hand seemed to maintain a sideways motion, remaining just below the 36260 (R1) line. We tend to maintain our bias for a sideways motion, given also that the RSI indicator below our 1-hour chart is near the reading of 50, implying a rather indecisive market. Should buyers be in charge of the index\u2019s direction, we may see it breaking the 36260 (R1) and take aim for the 36570 (R2) level. Should a selling interest be displayed the market we may see the index taking aim for the 35965 (S1) level. &nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-other-highlights-for-today-and-early-tomorrow\"><strong>Other highlights for today and early tomorrow<\/strong><\/h2>\n\n\n\n<p>Besides the releases mentioned we also note Japan\u2019s current account balance for November due out during tomorrow\u2019s Asian session.<\/p>\n\n\n\n<p><strong>US30 Cash H1 Chart&nbsp;<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1916\" height=\"896\" src=\"\/wp-content\/uploads\/2022\/01\/us-30-cash-13-01-2022.png\" alt=\"support at thirty five thousand nine hundred and sixty five and resistance at thirty six thousand and two hundred and sixty, direction sideways\" class=\"wp-image-26542\" title=\"us-thirty-cash-one-hour-chart\"\/><\/figure>\n\n\n\n<p>Support: 35965 (S1), 35600 (S2), 35340 (S3)<\/p>\n\n\n\n<p>Resistance: 36260 (R1), 36570 (R2), 36940 (R3)<\/p>\n\n\n\n<p><strong>AUD\/USD H4 Chart&nbsp;<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1916\" height=\"896\" src=\"\/wp-content\/uploads\/2022\/01\/aud-usd-13-01-2022.png\" alt=\"support at zero point seven two three and resistance at zero point seven two nine, direction sideways  \" class=\"wp-image-26543\" title=\"aud-usd-four-hour-chart\"\/><\/figure>\n\n\n\n<p>Support: 0.7230 (S1), 0.7170 (S2), 0.7100 (S3)<\/p>\n\n\n\n<p>Resistance: 0.7290 (R1), 0.7365 (R2), 0.7430 (R3)<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1269\" height=\"307\" src=\"\/wp-content\/uploads\/2022\/01\/benchmark-13-01-2022.png\" alt=\"\" class=\"wp-image-26544\" title=\"benchmark-13-01-2022\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"771\" height=\"437\" src=\"\/wp-content\/uploads\/2022\/01\/table-13-01-2022.png\" alt=\"\" class=\"wp-image-26545\" title=\"table-13-01-2022\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"858\" height=\"677\" src=\"\/wp-content\/uploads\/2022\/01\/morning-releases-13-01-2022.png\" alt=\"\" class=\"wp-image-26546\" title=\"morning-releases-13-01-2022\"\/><\/figure>\n\n\n\n<p class=\"translation-block\">If you have any general queries or comments relating to this article please send an email directly to our Research team at <a href=\"mailto:research_team@ironfx.com\" target=\"_self\">research_team@ironfx.com<\/a><\/p>\n\n\n\n<p>Disclaimer:<br>This information is not considered as investment advice or an investment recommendation, but instead a marketing communication. IronFX is not responsible for any data or information provided by third parties referenced, or hyperlinked, in this communication.<\/p>\n\n\n\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>The USD retreated across the board yesterday as the US December CPI rates release created bearish tendencies for the greenback.<\/p>","protected":false},"author":19,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26541","post","type-post","status-publish","format-standard","hentry","category-uncategorized","blog-category-financial-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Forex blog - IronFX\u2122 | The Global Leader In Online Trading<\/title>\n<meta name=\"description\" content=\"The USD retreated across the board yesterday as the US December CPI rates release created bearish tendencies for the greenback\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ironfx.com\/ms\/wp-json\/wp\/v2\/posts\/26541\/\" \/>\n<meta property=\"og:locale\" content=\"ms_MY\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"December\u2019s US CPI rates weaken USD\" \/>\n<meta property=\"og:description\" content=\"The USD retreated across the board yesterday as the US December CPI rates release created bearish tendencies for the greenback\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ironfx-id.com\/ms\/decembers-us-cpi-rates-weaken-usd\/\" \/>\n<meta property=\"og:site_name\" content=\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-13T07:14:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-13T10:22:47+00:00\" \/>\n<meta name=\"author\" content=\"Peter Iosif\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/ms\\\/decembers-us-cpi-rates-weaken-usd\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/ms\\\/decembers-us-cpi-rates-weaken-usd\\\/\"},\"author\":{\"name\":\"Peter Iosif\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/ms\\\/#\\\/schema\\\/person\\\/2935ff75695a5b909e25963a12b437ac\"},\"headline\":\"December\u2019s US CPI rates weaken USD\",\"datePublished\":\"2022-01-13T07:14:42+00:00\",\"dateModified\":\"2025-10-13T10:22:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/ms\\\/decembers-us-cpi-rates-weaken-usd\\\/\"},\"wordCount\":795,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/ms\\\/#organization\"},\"articleSection\":[\"Uncategorized\"],\"inLanguage\":\"ms-MY\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/ms\\\/decembers-us-cpi-rates-weaken-usd\\\/\",\"url\":\"https:\\\/\\\/www.ironfx-id.com\\\/ms\\\/decembers-us-cpi-rates-weaken-usd\\\/\",\"name\":\"Forex blog - IronFX\u2122 | The Global Leader In Online Trading\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/ms\\\/#website\"},\"datePublished\":\"2022-01-13T07:14:42+00:00\",\"dateModified\":\"2025-10-13T10:22:47+00:00\",\"description\":\"The USD retreated across the board yesterday as the US December CPI rates release created bearish tendencies for the greenback\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/ms\\\/decembers-us-cpi-rates-weaken-usd\\\/#breadcrumb\"},\"inLanguage\":\"ms-MY\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ironfx-id.com\\\/ms\\\/decembers-us-cpi-rates-weaken-usd\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/ms\\\/decembers-us-cpi-rates-weaken-usd\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ironfx-id.com\\\/ms\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"December\u2019s US CPI rates weaken USD\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/ms\\\/#website\",\"url\":\"https:\\\/\\\/www.ironfx-id.com\\\/ms\\\/\",\"name\":\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\",\"description\":\"&quot;Our Introducing Brokers program offers competitive conditions tailored to our partners&#039; needs. 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