🌅 NordFX Morning Update - Tuesday, 13 January 2026 📊 Markets are starting Tuesday with increased caution as traders await one of the key macro events of the week - the US Consumer Price Index (CPI) for December, due at 08:30 ET. This release is expected to set the tone for FX, gold, indices and crypto during the session. 📌 Global markets Asian equities are trading mostly higher, supported by strong performance in technology stocks and resilient risk appetite. Japanese equities remain among the leaders, with the weaker yen continuing to support exporters. Other Asia-Pacific markets are also holding firm, while China is showing mixed dynamics. 📉 US outlook US stock futures are slightly lower after modest gains in the previous session. Positioning remains cautious ahead of inflation data, as investors assess whether disinflation trends remain intact or if price pressures are becoming more persistent. Volatility is likely to rise around the CPI release. 💰 Inflation focus Markets expect headline inflation to remain relatively stable, with core CPI still elevated but gradually easing. Any deviation from expectations may quickly affect interest-rate outlooks and pricing across major asset classes. 🛢️ Commodities Oil prices remain supported near recent highs as geopolitical risks continue to add a risk premium to the market. Traders are closely watching developments in the Middle East and supply-side signals, while longer-term concerns about global demand remain in the background. 🌟 Safe havens Gold continues to attract interest amid uncertainty around monetary policy and geopolitical tensions. Demand for defensive assets remains firm as markets hedge against unexpected macro surprises. ₿ Crypto bitcoin is consolidating in the 91,000-92,000 area, with traders largely sidelined ahead of US inflation data. Short-term direction is likely to depend on how today’s numbers influence overall risk sentiment.