Good morning traders,
CPI rose 8.1 percent this morning, pushing the market up...somehow.
This is why we don't trade around news. Inflation you would expect to hurt the economy, as it will likely mean faster tapering of asset purchases and quicker rate hikes to keep inflation in check. Both of those things are deflationary, and not good for the markets.
I expect the market to come back to this area of the news (4416) and get tangled up at the lower end of the distribution, before trying to go higher.
CPI rose 8.1 percent this morning, pushing the market up...somehow.
This is why we don't trade around news. Inflation you would expect to hurt the economy, as it will likely mean faster tapering of asset purchases and quicker rate hikes to keep inflation in check. Both of those things are deflationary, and not good for the markets.
I expect the market to come back to this area of the news (4416) and get tangled up at the lower end of the distribution, before trying to go higher.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.