đ¨ PPI Data Market Moving Event
U.S. inflation data is about to drop, and this can set the short-term direction.
PPI matters because it shows cost pressure before it hits consumers.
Key levels traders are watching:
⢠Above 0.8% â inflation concerns, possible downside
⢠0.7â0.8% â neutral, choppy market
⢠Below 0.7% â cooling inflation, bullish reaction
But the real driver is the difference between expectation and actual data.
Last reading came at 0.5% and surprised the market.
Now both bulls and bears are waiting.
Next move depends on this print.
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