Inflation expectations decline, PPI debuts first
The US dollar index fell slightly. The Yemeni Houthi armed forces said that on August 12, local time, the US and British forces launched a joint airstrike on the western Yemeni province of Hodeidah, and the geopolitical situation has become tense again.
#美国PPI数据即将公布 #美国CPI数据即将公布 #WBTC #TON
Yesterday, according to the consumer survey report released by the New York Federal Reserve, US consumers' one-year and five-year inflation expectations remained stable in July, while three-year inflation expectations fell sharply and hit a record low of 2.3% since data was recorded. The cooling of inflation has caused the US dollar index to fall further. Today, the US PPI index for July is about to be released. If the PPI is lower than expected, the US dollar index may turn downward again; if it is in line with expectations, the US dollar index is expected to bottom out and rebound, which can be paid special attention to.
The US consumer's three-year inflation expectations in July hit the lowest level since records began.
The US dollar index closed with a small negative line, the 5-day and 10-day moving averages formed a dead cross, the daily RSI was below 50, and the 4-hour line was still under pressure at 103.3. If it cannot effectively break through the pressure, it is expected to maintain low-level fluctuations in the short term.
Bitcoin closed with a small positive line on the daily line. If it cannot effectively break through the middle track near 61,700, it will continue to fall. The hourly line continues to test the range of 60,600-57,800, and the 4-hour line is still running near the lower track. Pay attention to the breakthrough of the middle track 60,000 above. If it does not break through, pay attention to the lower 57,800-56,500.