đ AsiaâââMixed. Nikkei +0.22%, Kospi +1.21%, Hang Seng flat, ASX 200 -0.26%, CSI 300 -0.34%. All eyes on the Trump-Xi summit now underway in Beijing.
đ Wall Street (May 12 close)âââS&P 500 -0.16% (~7,392), Nasdaq -0.71%, Dow +0.11%. Stocks retreated from records as hot inflation data and a chipmaker selloff hit sentiment.
đ„ US CPI (April)âââHeadline inflation jumped to 3.8% YoY (highest since May 2023), beating the 3.7% forecast. Core CPI 2.8% YoY. Energy +17.9%, gasoline +28.4%. Real wages fell 0.5% monthly. Fed rate cuts are fully off the tableâââmarkets now pricing a 70%+ chance of a hike by early 2027.
đąïž OilâââWTI ~$101/bbl. Trump declared the US-Iran ceasefire on âmassive life support,â keeping the Strait of Hormuz effectively closed. Saudi Aramco warns ~100 million barrels/week in supply is being lost.
đȘ Goldâââ~$4,690/oz, pressured by a firmer dollar post-CPI. Up ~43% year-on-year despite the pullback.
đ± ForexâââDollar strengthened on CPI. EUR/USD holding below 1.1800. GBP/USD slipped to ~1.3511.
âż Bitcoinâââ~$80,500â81,200, up ~7% on the week and ~16% on the month. Holding firm despite risk-off pressure.
đïž WatchâââTrump-Xi summit (trade, Iran, Taiwan, AI) + EIA crude inventory data today.
â ïž Not investment advice. Trading involves significant risk.
#NordFX #Forex #Gold #Bitcoin #Oil #Markets #CPI #Trading #Crypto #Asia
đ NordFX Morning Update | May 13, 2026 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.
