⚫⚪🔴 Tomorrow at 3:30 PM EET, the markets are set for the week’s most critical data!
The release of the U.S. Consumer Price Index (CPI) for May is expected, with forecasts showing annual inflation rising to 4.2% compared to 3.8% previously.
If the reading comes in above expectations:
⬅️ Strong support for the dollar
⬅️ Pressure on gold, cryptocurrencies, and stocks
Conversely, if it comes in below expectations:
⬅️ Dollar decline
⬅️ Support for gold, stocks, and cryptocurrencies
These data points are exceptionally important as they mark the first robust economic test for the new Fed Chair, Kevin Warsh. The markets will be watching closely to see how he reacts to the inflation data and whether it will influence his future stance on interest rates.
Brace yourselves for significant volatility; risk management will be key during the news release.
#x_crypto_x #m_elmasry1 #Geopolitics #HODLStrategy #jto $BTC $ETH $ETH