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A Little More Stable, E-Mini Bounce Extends


(Z1) Gains Considered Corrective


(Z1) In A Downtrend


USD/Asia Rangebound, THB Lags Behind

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Annualized CPI growth in August is set to dip just slightly to 5.3% from 5.4% in July, according to Bloomberg, marking the third straight month of year-over-year CPI readings above 5%. Monthly CPI is set to increase 0.4% following a marginally stronger 0.5% gain in July.

Analysts say August's increase is likely to be driven by gains in gasoline and food prices, though wage increases earlier in the year and ongoing supply chain disruptions may also push up inflation. Excluding food and energy prices, CPI should increase 0.3%, according to Bloomberg. From a year earlier, core CPI is expected to rise 4.2% compared to 4.3% in July.