PPI lands on Friday, and Wednesday will be thin, so the next two days need a plan, not a guess. 📊
Producer price data is due on Friday 13 November, according to TradingView, and US bond markets are closed on Wednesday for Veterans Day, which could thin liquidity and make moves sharper than usual. 📰 After that, the minutes from the Federal Reserve October meeting arrive on 18 November, and the PCE report, the Fed preferred inflation gauge, follows on 25 November, according to CoinDesk. My reading is that the market now has a full week of catalysts lined up, and each one can move the December hike odds, so the traders who do best this week will be the ones who size small, watch the 200 day average near 73,150 dollars, and let the data speak before they chase a direction.
What are you watching first, PPI on Friday or the daily close below the 200 day average? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #PPI
Producer price data is due on Friday 13 November, according to TradingView, and US bond markets are closed on Wednesday for Veterans Day, which could thin liquidity and make moves sharper than usual. 📰 After that, the minutes from the Federal Reserve October meeting arrive on 18 November, and the PCE report, the Fed preferred inflation gauge, follows on 25 November, according to CoinDesk. My reading is that the market now has a full week of catalysts lined up, and each one can move the December hike odds, so the traders who do best this week will be the ones who size small, watch the 200 day average near 73,150 dollars, and let the data speak before they chase a direction.
What are you watching first, PPI on Friday or the daily close below the 200 day average? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #PPI
