US futures nudge lower as the post-CPI push and pull continues

<p>US futures are now down near the lows for the day, with S&amp;P 500 futures falling by 0.4% ahead of US trading. This comes as Treasury yields are keeping steadier, with 10-year yields up 1.7 bps to 3.989% on the day. The drop comes as the big banks are releasing earnings, adding to the post-CPI push and pull play out across markets.</p><p>All of this is keeping the dollar a touch firmer as well now with EUR/USD down 0.2% to 1.0948 and GBP/USD down 0.2% as well to 1.2730 on the day. USD/JPY did push lower to 144.90 earlier in the session but is now back to flat levels around 145.23 currently.</p><p>The dollar's advance is not a uniform one though, as gold is up to session highs at around $2,045 – up 0.8% on the day – and looking to push past key near-term resistance as highlighted <a href="https://www.forexlive.com/news/gold-works-its-way-back-towards-test-of-key-near-term-level-whats-next-20240112/" target="_blank" rel="follow">here</a>. Meanwhile, tensions in the Middle East continue to fuel the rally in oil with WTI crude up over 4% to near $75 at the moment.</p>

This article was written by Justin Low at www.forexlive.com.