PPI DAY: US PRODUCER PRICES DROP AT 6:30 PM PKT
The US October PPI (producer prices) is due at 8:30 AM ET, which is 6:30 PM PKT.
Last month it came in hot: September PPI was 6.3% year-on-year vs 5.3% expected.
One forecast for October: about +0.4% month-on-month and ~6.7% year-on-year.
How markets may read it:
🔻 Hotter than expected: rate-hike worries tend to rise, and risk assets like $BTC often feel the pressure.
🔺 Cooler than expected: hike odds may ease, giving risk assets some relief.
Forecasts can miss, so expect fast moves around the release.
Hot or cool, what’s your guess?
🔥 Hotter
❄️ Cooler
🎯 In line
#PPI #bitcoin #Inflation #WhatWillDriveCryptoandStocks’NextRebound?
The US October PPI (producer prices) is due at 8:30 AM ET, which is 6:30 PM PKT.
Last month it came in hot: September PPI was 6.3% year-on-year vs 5.3% expected.
One forecast for October: about +0.4% month-on-month and ~6.7% year-on-year.
How markets may read it:
🔻 Hotter than expected: rate-hike worries tend to rise, and risk assets like $BTC often feel the pressure.
🔺 Cooler than expected: hike odds may ease, giving risk assets some relief.
Forecasts can miss, so expect fast moves around the release.
Hot or cool, what’s your guess?
🔥 Hotter
❄️ Cooler
🎯 In line
#PPI #bitcoin #Inflation #WhatWillDriveCryptoandStocks’NextRebound?
