PPI and retail sales both came in hotter than expected, adding to the inflation concerns raised by yesterday’s CPI. PPI rose 1.3% m/m and 6.3% y/y; retail sales increased 0.8% m/m.
💰DXY is testing 102.25–102.27, near its 20-day EMA. Gold remains below $4,145–$4,150, while BTC is still under $81,000 with a weak RSI.
I’m staying cautious until price settles after the data.
Cash is a position. NFA.
TRADE $XAU HERE👇
💰DXY is testing 102.25–102.27, near its 20-day EMA. Gold remains below $4,145–$4,150, while BTC is still under $81,000 with a weak RSI.
I’m staying cautious until price settles after the data.
Cash is a position. NFA.
TRADE $XAU HERE👇