Tonight at 9:30, are you watching the data—or your own position?
The U.S. October CPI report comes out tonight at 9:30 p.m., the last one before the December rate meeting. Headline CPI is expected to rise 0.3% month over month, and core CPI 0.2%—both milder than September’s 0.6% and 0.3%.
But there won’t be year-over-year figures this time: the U.S. government shutdown last October meant the Bureau of Labor Statistics couldn’t collect the data, so it can’t publish year-over-year figures. If anyone gives you a year-over-year number tonight, it isn’t official—don’t take it as fact.
$BTC is still hovering around $75,000, and the Fear and Greed Index is at 32. Over the past 24 hours, $1.1 billion was liquidated. Futures volume climbed to $180 billion, while open interest fell by 3%—quite a few people closed their positions first and are waiting to see what happens.
The data will be out in a minute, but your position has to last overnight. Think through both scenarios first: if it comes in hotter than expected, watch $74,400; if it comes in below expectations, watch $76,000. If you haven’t thought it through, don’t add to your position before the data comes out.
Will you be watching the market tonight, or checking when you wake up?
#TradingPsychology,#CPI
The U.S. October CPI report comes out tonight at 9:30 p.m., the last one before the December rate meeting. Headline CPI is expected to rise 0.3% month over month, and core CPI 0.2%—both milder than September’s 0.6% and 0.3%.
But there won’t be year-over-year figures this time: the U.S. government shutdown last October meant the Bureau of Labor Statistics couldn’t collect the data, so it can’t publish year-over-year figures. If anyone gives you a year-over-year number tonight, it isn’t official—don’t take it as fact.
$BTC is still hovering around $75,000, and the Fear and Greed Index is at 32. Over the past 24 hours, $1.1 billion was liquidated. Futures volume climbed to $180 billion, while open interest fell by 3%—quite a few people closed their positions first and are waiting to see what happens.
The data will be out in a minute, but your position has to last overnight. Think through both scenarios first: if it comes in hotter than expected, watch $74,400; if it comes in below expectations, watch $76,000. If you haven’t thought it through, don’t add to your position before the data comes out.
Will you be watching the market tonight, or checking when you wake up?
#TradingPsychology,#CPI