US PPI Cools — A Potential Relief for Gold & Bitcoin!
The latest US inflation
Core PPI: 0.3% vs 0.3% expected (Previous: 0.7%)
PPI: 0.3% vs 0.4% expected (Previous: 1.4%)
Producer inflation slowed significantly, with headline PPI coming in slightly below expectations.
Despite this mildly dovish signal, recent stronger-than-expected CPI and employment data continue to support a cautious Fed outlook.
My short-term bias:
DXY: Neutral to slightly bearish
Gold: Slightly bullish
Bitcoin: Potential short-term rebound
However, the data are not a major dovish surprise. I'll be watching Treasury yields and DXY for confirmation, especially ahead of a potentially volatile geopolitical weekend
#PPI
The latest US inflation
Core PPI: 0.3% vs 0.3% expected (Previous: 0.7%)
PPI: 0.3% vs 0.4% expected (Previous: 1.4%)
Producer inflation slowed significantly, with headline PPI coming in slightly below expectations.
Despite this mildly dovish signal, recent stronger-than-expected CPI and employment data continue to support a cautious Fed outlook.
My short-term bias:
DXY: Neutral to slightly bearish
Gold: Slightly bullish
Bitcoin: Potential short-term rebound
However, the data are not a major dovish surprise. I'll be watching Treasury yields and DXY for confirmation, especially ahead of a potentially volatile geopolitical weekend
#PPI
