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CPI

SPX - We are still within the range!SPX - We are still within the range! SPX - For most indices we've had bullish momentum especially in Europe side cac, ftse, dax amazing moves but we are still struggling when it comes to US Indices. We've had great bullish momentum at the end of the week now let's not get too excited we are still within the ranges things to keep in mind this week going forward CPI, Q4 earnings, Unemployment claims coming out of US. Key tip: Ignore the noise and focus on the chart in front of you. Everyone has opinions, they'll even comment on your career choice but most importantly only YOU can learn and earn by the execution of your own trades. A break to either direction. Trade Journal
SP:SPX
by Trade_Journal
4
Will US CPI continue to feed the risk rally?Eyes on today's CPI Risk markets set the tone on Wednesday as traders reacted to hopes that Today’s CPI data will come in lower than expected. This could lead to small interest rate hikes and could even signal peak inflation. We’re anticipating tonight’s data and if it will live up to the hype. How much has been factored in? Could it be a disappointment if it fails to meet what’s being expected? It is simple. We see a solid beat to the downside we think risk markets will continue to rally. We see it come in as expected, or god forbid higher, and we think they will fall. We have done a quick price action review on the USD index and US30. Major risk currencies look to be consolidating at this stage in the lead-up. The USD index is trying to hold out at 103.00. US CPI data is due today at 12:30 am AEDT / 8:30 am ET.
EIGHTCAP:USDX
by Eightcap
Joe Gun2Head Trade - USDCHF into resistance. Highly speculative.Trade Idea: Selling USDCHF Reasoning: Double top on the weekly chart. Into intraday resistance. Highly speculative ahead of CPI at 1:30Uk. Entry Level: 0.93382 Take Profit Level: 0.9167 Stop Loss: 0.9398 Risk/Reward: 2.82:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
2
NQ Power Range Report with FIB Ext - 1/12/2023 SessionCME_MINI:NQH2023 - PR High: 11480.00 - PR Low: 11465.75 - NZ Spread: 31.75 Evening Stats (As of 1:05 AM) - Weekend Gap: +0.16% (filled) - 8/19 Session Gap: -0.04% (open > 13237) - Session Open ATR: 266.59 - Volume: 20K - Open Int: 255K - Trend Grade: Bear - From ATH: -31.6% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 12391 - Mid: 11820 - Short: 10678 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQH2023
by mv3trader5
GBPUSD before the big news!Today we expect US inflation (CPI) data to be released. This is some of the most important news right now, and it's making a big impact. Regardless of the values, we expect big fluctuations at the time of publication! Anyone who does not have experience and prefers more relaxed trading is recommended to just watch the movements! We have identified the possible scenarios and the levels we expect to be reached. One option we are looking at is GBPUSD. A drop to 1.2080 and a pullback will allow for a rally to 1.2300. Do not trade before the news! Do not trade if there is no confirmation of the expected scenarios!
by ForexTrendline
4
BTC IS AT RESISTANCE! EXPECTING A CORRECTION FROM HERE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. The first week of 2023 was going fantastic, we saw a good pump in the market. If you followed my previous analysis of BTC in which I clearly mentioned that BTC will go to test the $17.3k-$17.5k level and exactly the same happened. Now, what's next? As you see in the chart, currently, BTC is trading in the resistance zone. $17.3k-$17.6k is a crucial resistance area. I'm expecting a rejection from here and we might see a test of $16.8k-$17k from here. Tomorrow, CPI data will release and I'm expecting a bad CPI this time. So every pump before the CPI is just a trap IMO. Let's see how this goes. What do you think? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Short
by CoreCrypto1
14
#usdt dominance has to decide how its gonna be!In the chart that we have here related to #USDTD, as you can see, the support ranges have been lost in short time frames and even the support trend line has not shown a support reaction in higher ranges! After the reaction to the resistance range at 8.70 and 8.80, we saw a correction of several days in #USDTD, which caused the market to turn green and of course, sometimes it caused the pumping of some currencies as well! The important thing that we must pay attention to today is the range on which #USDTD is placed, and it seems that it has prevented further correction in time, of course, this could also be because today coincides with the news and Important statistics, including the announcement of statistics (CPI), which we will continue to examine the dollar index so that we can make a better decision for the trade for the possible direction of the currencies of the second side of the dollar! It is recommended to set an intelligent loss limit if you enter any trade in any time frame today!
CRYPTOCAP:USDT.DLong
by rfmarandi
FINALLY Bitcoin 36K test soon??June of last year I published a post about bitcoin and the possibility of a coming bear market rally to 36k once the 18k support level finally broke down (approximate). Well the first week of November this occurred and although we did not get the deep capitulation we would have liked to see, we find ourselves in an interesting situation with the new data we have now to go off of. The primary piece of information being that of getting back above 18k after a failed attempt a week or so before Christmas. I did not post anything at the time of that occurring because I was not sold on the idea that it was legitimate. But fast forward to the middle of January and on the weekly chart of Bitcoin we now have not only the break back above 18k, but also classic bullish divergence showing on the weekly RSI indicator. And if we look at the weekly RSI we can also see that there is A LOT of room to run to the upside after consolidating for SEVEN MONTHS after first going oversold in June. And we are now getting confirmation of this bullish divergence that we were patiently waiting on by taking out the 18k resistance level and now attempting to close back above it. Keep an eye on the Sunday close of this weekly candle on Bitcoin. As well as the coming US CPI data that is going to be released tomorrow. If BTC can hold above this 18k level, there could be a major move to the upside that could take us well past the main target of $36000 on Bitcoin. Meanwhile, the short term first target for this asset (if 18k holds) would be $21500.
INDEX:BTCUSDLong
by TradeVibez
1
using CPI & CLAIMS data as TRADE CONFLUENCE!Really tricky market to make sense of right now because of how last weeks data (stronger job market - confirmed by NFP) was disregarded. This could mean: 1. Either they were beginning to lay a trap (current moves will reverse) 2. The market genuinely doesn't care because it expects claims to eventually pick up with a vengeance Here's what I think: CPI has been cooling due to lower Oil price and higher interest rates (housing is a big component of CPI). Lower CPI shouldn't be a shock to anyone and is likely already priced in. For this reason, I think what matters most right now is what the Fed is focused on: SERVICES (wage) inflation and this is why I believe the main focus tomorrow is likely to be the services component of CPI and the CLAIMS data. I think tomorrow's news is already priced in and we're likely to see a reversal in XAU.
OANDA:XAUUSDShort
by XAUSpeculator
2
GBPAUD point of interest HEY TRADERS GBPAUD in this analysis i'm bullish on this pair we see price has been respecting the previous low which formed a better double bottom TRADE CRITERIA: WHAT ARE WE EXPECTING: currently price is at the double bottom and now what we need to see is a reversal pattern to reverse the price up HOW DO WE ENTER: wait for the first shape impulse up followed by a continuation correction get in on the correction OUR STOP LOSS LEVEL: below shape impulse correction POSSIBLE TARGET: top zone TRADE INVALIDATION: when price impulse bearish down and form a bearish continuation pattern i.e setup invalid THANKS FOR READING AS ALWAYS STAY SAFE AND TRADE SAFE!!!!! CPI TOMORROW
Long
by REAL_CRYPTO_VIC
1
BITCOIN- Ahead of Inflation Data (CPI Tomorrow)Hi everyone, watch the video and let me know your thoughts. I cover the main Technical levels you should know as well as the key fundamental factors and scenarios. Some good news arising today as FTX seems to have recovered 5 Billion dollars . The announcement substantially raises the total FTX has recovered since filing for bankruptcy last year but it's still short of what customers are owed in total. Still, good news. Not so great news from IMF : The International Monetary Fund says that 'The new year is going to be "tougher than the year we leave behind'... scary indeed as some say 2/3rds of the countries will enter into recession this year. More bad news here and there, from Europe, Canada, Australia. Just a little example from Canada: 'The CEOs at Canada's largest banks say tens of thousands of Canadians could default on mortgages due to rising rates. This comes as the vacancy rate at Canadian office buildings are at a record high ' Lastly, we have the FED's cornered between raising or not, for how long and how much? Employment was good last week and inflation report tomorrow will play a huge role. In general: good inflation tomorrow (lower inflation, eased) will probably be better news for markets and BTC/Alts as well. If inflation is high then we run for the hills as the Feds will need to consider new big rate hikes..most likely i think we will avoid this. KEY LEVELS: 18K : A third test is expected as the last 2 times we had rejections. This time we can go higher. One Love, The FXPROFESSOR PS. Remember the cycles: The next Bitcoin halving is scheduled to take place at block 840,000 which is predicted to be on Mar 13, 2024 08:47:30 PM UTC.
BITFINEX:BTCUSDLong
by FX_Professor
7
GOLD SHORT TERM INTRADAY IDEAIntraday Analysis (11 Jan 2023) Will be adapting to bullish sentiment as of now until we see a shift of structure or a shift in fundamentals. CPI data will be released tmrw which will definitely shift the direction for gold. As of today , price is in a choppy zone as expected as we are at a weekly timeframe. If CPI prints above previous it shows that inflation is still high and there will be more rate hikes to come. That will be detrimental to gold and the dollar will gain strength. Vice versa.
FOREXCOM:XAUUSD
by CJ_GOLDPIPS
Inflation Report: 11 Jan 2023Finally there is a sense of relief. The US inflation is just on a some-what downward spiral. It's almost as if we peaked at a whopping 9.1% and now dropping to around 6%. And let's not forget all our friends abroad, like Germany where it's dropped from 10. 4 in October down to 8.6%, UK dropping from 11.1% slightly down to 10.7%, Canada's 8.1 dropped to 6.8%, France's steady 6.2%, and China's decent1.6%. And let's not forget our lekker country, South Africa where inflation has also dropped from 7.8% down to 7.4%. It's just too bad all these numbers are due to supply chain issues, war, and food shortages. But it looks like we have potentially seen the end of The Great Inflation - and now things should start to settle. Your thoughts? Trade well, live free Timon (Trader since 2003)
ECONOMICS:USCCPIEducation
by Timonrosso
$128.50 Temp Bottom on AAPL going into CPI?Once AAPL broke $128.65 last Friday, I've been patiently waiting on a retest. Today at 10:45 we retested, dipped below level and reclaimed it and then retest it again at 12 and has a strong upside move. With this context, the rejection wicks on the 1h candles and the fact that we've broken out of this channel that apple has had for a few weeks, I am anticipating $128.50 to be an excellent long level to lead us to 134+ later this week. Stay tuned and please follow to show support! Thank you.
NASDAQ:AAPLLong
by Macks_MoneyTree