Today is the Consumer Price Index numbers release.
Consensus sits at 8% Inflation rate, while the previous month's number was at 8.2%.
Many are forecasting for a 8.1% CPI number coming out.
Feds have been expecting to bring inflation down via their instrument of interest rates by raising them at 4%, however, thus far, no success was found there for Feds in terms of bringing down inflation, let alone their 2% inflation target that for now, seems far-fetched target.

While in this world of speculation we live in and nothing is for certain, it is best for traders to
wait over CPI's release taking the risk off and trading cautiously .
I would not suggest for any one to trade the news and it's volatility , but if you do so,
please take measures on any occurring scenarios over CPI's number release.

Very important day for everyone who is involved on Financial Markets.
Very important day for Macro-Economics Data and overall Inflation around the World.

What do you think it will happen with 2% Inflation target Feds got in place ?



TRADE SAFE
Note that this is not Financial Advice .
Please do your own research or consult your Financial Advisor before partaking on any trading activities based soly
on this idea
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Pre CPI #
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Post CPI #
Has Inflation peaked ?
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DXY & BTC awaiting CPI # next week.
Feds have stated that they will continue their tightening.

0.618 on macro for DXY acting as a current resistance which needs to turn support for it to headed higher,
while BTC is plunging
Will we see #Bitcoin at 18K levels and below in the near future of 2023 ?
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Tomorrow is a very important day for the fate of Financial Markets and Macro
2008 Banking Saga has just started ?
IF THERE IS ANY TIME FOR BITCOIN'S DECOUPLE, HERE IT IS.
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CPI # at 6%

4% away from Fed's target of 2% ,
considered 'normal'
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US CPI declined to 4.9 % in April vs 5 % expected .
Below 5.0 % YoY in March

Food at Home still at 7 % and expensive
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CPI # at the lowest its been in two years.
May /2023 4 %
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June CPI # at 3 %
1 % away from Feds Target Norm
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Next (July's) CPI # release scheduled on August 10
Chart PatternsFundamental AnalysisTrend Analysis

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