The US CPI data will be released at 20:30 tonight, an exciting day is coming!!!
A bloody storm is inevitable tonight.
Citi analysts warned that the volatility of various indexes will reach plus or minus 1.2% when CPI data is released, which shows the influence of CPI!
Okay, without further ado, let’s get straight to the point:
Is tonight's CPI bullish or bearish? How should we arrange long and short positions?
I will analyze it for you from the following aspects:
🥇The PPI released last night fell across the board, which exceeded expectations. This shows that service costs have fallen for the first time this year. Influenced by this news, the market's expectations for the Fed's interest rate cuts have begun to heat up again, thus boosting confidence in US stocks and bonds. Therefore, US stocks closed higher across the board last night, and cryptocurrencies led by BTC also rose. The PPI fell across the board, boosting market confidence and increasing people's expectations for a rate cut in September, but it does not mean that inflation has been curbed. 🈳
🥈According to the survey, the US 🇺🇸 is driven by the long-term expected slowdown in housing rents, the decline in used car prices 📉 and the decline in prices of discretionary services due to consumer suppression. I personally believe that CPI will weaken. 🈳
🥉With the continuous expansion of the financial industry, the decline of the real economy is intensifying, and the economic bubble is growing, which has led to an accelerated rise in prices. 🈳
④ Global turmoil intensifies, increasing the risk of economic imbalance. 🈳
In summary:
Personally, I have a weak attitude towards tonight’s CPI, and the data is bearish for cryptocurrencies.
Trading ideas: BTC 61500-62000 area layout full short orders. Stop loss 62800-63200, take profit 60000-58000-56000.
