Today we have a special NEWS, so let's see how that NEWS will affect Crypto and Forex Pairs.
CPI is considered a Lagging Inflation data release.
So usually inflation decreases, then CPI numbers come in lower than expected, which makes DXY bearish.
Otherwise, if CPI numbers come in higher than expected, it can be a NEWS that stops the rate cut in America. When that happens, DXY or USD Demand can be strong because that NEWS is Bullish for DXY.
Then, reporting a decrease in inflation can often be bearish for GOLD.
But there is a possibility that a decrease in inflation can be Bullish for BTC and Crypto.
Then, keep a close eye on this NEWS, if the expected numbers come in, it will not have a big effect.
Remember that there is a possibility of mixed data between monthly and yearly data, so pay attention to that too.
There is a high probability that the CPI Year over Year will be lower than expected.
If you trade with NEWS, it is essential to have good fundamental knowledge and management must be used. Because there is a possibility of market volatility with NEWS.
So, let's try to catch a trade during NEWS time through Traders Fundamental Fancast and I will inform you about it as soon as possible at that time.
#CPIWatch #USNonFarmPayrollReport #FedOfficialsSpeak $BNB
