đ¨US Inflation Alert: Gold & Bitcoin Face Another Key Test!
In less than 30 minutes, the US will release two important inflation reports:
Core PPI: 0.3% expected (Previous: 0.7%)
PPI: 0.4% expected (Previous: 1.3%)
Following stronger-than-expected US employment data and this week's hotter CPI, today's PPI could influence Fed rate expectations and trigger volatility in Gold, Bitcoin, and DXY.
Based on recent economic data and analysts' forecasts, I expect both readings to come in close to expectations, although the risk of an upside inflation surprise remains.
As previously mentioned that BTC is still bearish for me till daily structure shifts and BTC closes above 75400 daily candle
Higher-than-expected PPI could strengthen DXY and pressure Gold and Bitcoin. Softer readings could weaken the dollar and support a short-term rebound.
With Middle East geopolitical and Russia Europe tensions
#PPI #CoreCPI #CPIć°ćŽ #cpi
In less than 30 minutes, the US will release two important inflation reports:
Core PPI: 0.3% expected (Previous: 0.7%)
PPI: 0.4% expected (Previous: 1.3%)
Following stronger-than-expected US employment data and this week's hotter CPI, today's PPI could influence Fed rate expectations and trigger volatility in Gold, Bitcoin, and DXY.
Based on recent economic data and analysts' forecasts, I expect both readings to come in close to expectations, although the risk of an upside inflation surprise remains.
As previously mentioned that BTC is still bearish for me till daily structure shifts and BTC closes above 75400 daily candle
Higher-than-expected PPI could strengthen DXY and pressure Gold and Bitcoin. Softer readings could weaken the dollar and support a short-term rebound.
With Middle East geopolitical and Russia Europe tensions
#PPI #CoreCPI #CPIć°ćŽ #cpi