Midweek trading ideas: Markets remain volatile as oil prices rise

As the economic data flow slows in the second half of this week, markets are set to be driven primarily by geopolitical headlines and oil price volatility. Two closely watched data points earlier this week demonstrated the impact of rising energy prices. Data out on Tuesday showed that US retail sales rose 1.7% month-on-month in March, while this morning’s UK inflation figures showed that consumer prices jumped 3.3% in the year to March. Both prints were forced up by higher motor fuel prices. Meanwhile, tensions between the US and Iran have pushed Brent crude back towards $100 a barrel, fuelling a broader risk-off tone across global markets, with the S&P 500 falling 0.6% yesterday to close at 7,064 and gold prices moving higher on Wednesday. Shifting sentiment is also impacting currencies, with signs of US dollar stabilisation. 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.