Midweek trading ideas: Is Brent crude heading to $120?

CMC Markets1 day ago17:30

US inflation data is the focus this week, with September’s consumer price index report due at 1.30pm (UK time) today, followed by the producer price index and retail sales on Thursday, and import and export prices on Friday. Core CPI is expected to rise 0.2% month-on-month (versus 0.3% in August) and 2.5% year-on-year (up from 2.4%). Headline CPI is forecast to jump from 0.4% to 0.6% month-on-month, and from 3.4% to 3.6% year-on-year. The week’s data releases will feed into how markets assess the Federal Reserve’s likely rate path, with markets currently pricing in one more US rate hike in 2026. Website: http://www.cmcmarkets.com/en-gb/ 📺 Get the latest daily analysis on key markets such as US 30, UK 100, Germany 30, Japan 225, USD/JPY, EUR/USD, GBP/USD, Brent and West Texas Crude Oil and Gold via our CMC TV playlist. CMC Markets is a global leader in online trading, offering spread betting and contracts for difference (CFDs). Learn how to spread bet and trade CFDs with our trading strategy videos. CMC Markets offers trading on thousands of financial markets including forex, indices, commodities, shares and treasuries. ➡️ Subscribe and don't miss another update! https://www.youtube.com/channel/UC_Q-HdXuWScFretXS7GfEjw?sub_confirmation=1 Follow us: X (Twitter): https://twitter.com/CMCMarkets LinkedIn: https://www.linkedin.com/company/cmc-markets/ Facebook: https://www.facebook.com/cmcmarkets.uk Follow Michael Kramer: X (Twitter): @MichaelMOTTCM YouTube: @Themarketchronicles This video is for general information only and is not intended to provide trading or investment advice or personal recommendations. Any information relating to past performance of an investment does not necessarily guarantee future performance. CMC shall not be responsible for any loss that you incur, either directly or indirectly, arising from any investment based on any information in this video. Please remember spread betting and trading CFDs carries significant risks and may not be suitable for all investors.

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Midweek trading ideas: Is Brent crude heading to $120? | PiQ Markets