Guys, Ready to new plan after CPI 🔥
US CPI Hotter Than Forecast | Wednesday, Oct 14
🇺🇸 September CPI:
• CPI YoY: 3.7% | Forecast: 3.6% | Previous: 3.4%
• CPI MoM: +0.6% | In line with forecast
• Core CPI YoY: 2.6% | Forecast: 2.5%
• Core CPI MoM: +0.3% | Forecast: 0.2%
🔥 Market Reaction:
• Gold: Dropped nearly $40 → $4,129.6/oz
• DXY: Rose nearly 40 points → 102.52
📌 Analysis: Both CPI and Core CPI came in hotter than expected → inflation pressure rises, and the market increases bets on the Fed tightening policy. The USD is supported, while Gold faces downward pressure.
$BTC #CPIWatch
US CPI Hotter Than Forecast | Wednesday, Oct 14
🇺🇸 September CPI:
• CPI YoY: 3.7% | Forecast: 3.6% | Previous: 3.4%
• CPI MoM: +0.6% | In line with forecast
• Core CPI YoY: 2.6% | Forecast: 2.5%
• Core CPI MoM: +0.3% | Forecast: 0.2%
🔥 Market Reaction:
• Gold: Dropped nearly $40 → $4,129.6/oz
• DXY: Rose nearly 40 points → 102.52
📌 Analysis: Both CPI and Core CPI came in hotter than expected → inflation pressure rises, and the market increases bets on the Fed tightening policy. The USD is supported, while Gold faces downward pressure.
$BTC #CPIWatch