🚨 Important Update for Traders! 🚨
• Why don’t we provide static TP or SL?
• How do we manage TP & SL dynamically?
Check the images above to find out! 👆🏻
• Why don’t we provide static TP or SL?
• How do we manage TP & SL dynamically?
Check the images above to find out! 👆🏻
July CPI came in at 3.4% YoY, exactly as forecast, while Core CPI held at 2.5%.
At first glance, that sounds like a non-event. But the bigger story is what it did to Fed expectations.
September hike odds have slipped below 50%, putting pressure on the dollar and potentially creating room for EUR/USD and GBP/USD to catch a bid. USD/JPY could also face pressure as Fed-BoJ yield expectations shift.
But traders shouldn’t get too comfortable. CPI moves can reverse quickly once the market digests the details, and elevated oil prices remain a key risk to the inflation outlook.
The next major catalyst? The August PCE report.
Are markets underestimating the risk of another inflation surprise?
At first glance, that sounds like a non-event. But the bigger story is what it did to Fed expectations.
September hike odds have slipped below 50%, putting pressure on the dollar and potentially creating room for EUR/USD and GBP/USD to catch a bid. USD/JPY could also face pressure as Fed-BoJ yield expectations shift.
But traders shouldn’t get too comfortable. CPI moves can reverse quickly once the market digests the details, and elevated oil prices remain a key risk to the inflation outlook.
The next major catalyst? The August PCE report.
Are markets underestimating the risk of another inflation surprise?
📊 Can you identify the chart pattern?
Anonymous Poll
100%
Double Top
0%
Double Bottom
0%
Head & Shoulders
0%
Ascending Triangle