Hello everyone. Today I'm gonna make some forecast about the US CPI for September 2022.
As we all know that Oil price retreated on September 2022 and from the chart you can see that there is some minor bullish momentum on 8.3% CPI reading but retreats below afterwards and this will be a good sign that the US CPI on September 2022 will have a lower reading. I'm forecasting around 8.1%-7.8%. Even though the reading is a positive sign but it is still far from the FED goals of targeting to 2% inflation as they highlight more that 3 times after the JHole symposium. I am feeling committed that we are going to have another 75 basis points in October FOMC meeting. Thus, we will see another DXY rally towards 121. Have a safe trade tomorrow.
As we all know that Oil price retreated on September 2022 and from the chart you can see that there is some minor bullish momentum on 8.3% CPI reading but retreats below afterwards and this will be a good sign that the US CPI on September 2022 will have a lower reading. I'm forecasting around 8.1%-7.8%. Even though the reading is a positive sign but it is still far from the FED goals of targeting to 2% inflation as they highlight more that 3 times after the JHole symposium. I am feeling committed that we are going to have another 75 basis points in October FOMC meeting. Thus, we will see another DXY rally towards 121. Have a safe trade tomorrow.
Nota
What's for tomorrow CPI ? Here is a highlight from FOMC September meeting which could help the clear direction on where we will be going. FED Powell said that "I wanna start here today by saying that my main message is not change at all since Jackson Hole. The FOMC is strongly resolved to bring inflation down to 2% and we will be keep that until the job is done." Meaning don't fight the FED.
Penafian
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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.