Market insight — 🇨🇦 Canadian July Inflation Data Announced (17/08 15:30)
▪️ Consumer Price Index (CPI): 3.0% annually (Expected: 2.9%) ▪️ Core CPI: 2.3% annually (Previous: 2.1%)
▪️ Median CPI: 2.0% annually (Expectation: 2.0%) | Trimmed CPI: 1.9% annually (Expected: 1.8%) Evaluation: The fact that Canadian inflation data exceeded expectations indicates that the central bank may slow down the interest rate reduction process. This situation has the potential to create an indirect negative pressure on risk appetite in crypto markets by suppressing global liquidity conditions.
#BinanceSquare #Crypto #Trading
▪️ Consumer Price Index (CPI): 3.0% annually (Expected: 2.9%) ▪️ Core CPI: 2.3% annually (Previous: 2.1%)
▪️ Median CPI: 2.0% annually (Expectation: 2.0%) | Trimmed CPI: 1.9% annually (Expected: 1.8%) Evaluation: The fact that Canadian inflation data exceeded expectations indicates that the central bank may slow down the interest rate reduction process. This situation has the potential to create an indirect negative pressure on risk appetite in crypto markets by suppressing global liquidity conditions.
#BinanceSquare #Crypto #Trading