The index is trending higher after taking support at the 0.618 fib level (drawn on the daily TF), and is currently trending near 98.55.
The prices are facing a hurdle at the 20 EMA, above which there's a clear journey towards fib level 0.50 (98.85)
Breaching the immediate resistance would lead the prices to test our far targets near 99.10
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Today's PPI data might support our projections if it comes above expectations
PPI REPORTS WILL BE RELEASED TODAY AT 8:30 AM ET!
Previous: 4.7% Forecast: 5.3%
* IF PPI INFLATION > 5.3% → MARKETS CRASH HARD
* IF PPI INFLATION < 5.3% → MARKETS RALLY HARD
* IF PPI INFLATION = 5.3% → EXPECT A MIXED REACTION
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Today's PPI will become a reference for tomorrow's CPI
Apart from PPI, the data scheduled to be released from the US docket includes
- Initial & Continuing Jobless Claims - a minor improvement is expected
- Existing Home Sales (Aug) - a weakening is expected (housing is a crucial industry in the US economy)
The prices are facing a hurdle at the 20 EMA, above which there's a clear journey towards fib level 0.50 (98.85)
Breaching the immediate resistance would lead the prices to test our far targets near 99.10
----------------------------------------------------------------
Today's PPI data might support our projections if it comes above expectations
PPI REPORTS WILL BE RELEASED TODAY AT 8:30 AM ET!
Previous: 4.7% Forecast: 5.3%
* IF PPI INFLATION > 5.3% → MARKETS CRASH HARD
* IF PPI INFLATION < 5.3% → MARKETS RALLY HARD
* IF PPI INFLATION = 5.3% → EXPECT A MIXED REACTION
-----------------------------------------------------------------------
Today's PPI will become a reference for tomorrow's CPI
Apart from PPI, the data scheduled to be released from the US docket includes
- Initial & Continuing Jobless Claims - a minor improvement is expected
- Existing Home Sales (Aug) - a weakening is expected (housing is a crucial industry in the US economy)
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.