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