XAUUSD: Predict CPI
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Fundamental technical analysis:
The Relative Strength Index (RSI) is currently showing an upward trend; however, it is important to note that it is still forming a downtrend which is considered a risky price zone. The EMA 34 and EMA 89 indicators have not shown any significant changes yet. The trend lines are narrowing, indicating a potential strong breakout. If you decide to enter the trade at this time, you must understand that it comes with high risks but also high profits.
Market before and after CPI:
CIBC has analyzed the US CPI report for May and provided their comments on it. They predict that the core CPI will continue to rise due to the strong labor market and increased demand for housing, which has driven up prices. However, there is a chance that the core CPI may slightly decrease due to slower rental growth. Additionally, used car prices are expected to fall, and ISM service price indexes have decreased in May. CIBC believes that the FOMC will keep interest rates unchanged in their policy meeting this week. However, if the core index increases by 0.5% in May, policymakers will be compelled to raise interest rates in June.
The Relative Strength Index (RSI) is currently showing an upward trend; however, it is important to note that it is still forming a downtrend which is considered a risky price zone. The EMA 34 and EMA 89 indicators have not shown any significant changes yet. The trend lines are narrowing, indicating a potential strong breakout. If you decide to enter the trade at this time, you must understand that it comes with high risks but also high profits.
Market before and after CPI:
CIBC has analyzed the US CPI report for May and provided their comments on it. They predict that the core CPI will continue to rise due to the strong labor market and increased demand for housing, which has driven up prices. However, there is a chance that the core CPI may slightly decrease due to slower rental growth. Additionally, used car prices are expected to fall, and ISM service price indexes have decreased in May. CIBC believes that the FOMC will keep interest rates unchanged in their policy meeting this week. However, if the core index increases by 0.5% in May, policymakers will be compelled to raise interest rates in June.
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For Reminder 🇺🇸🔴 Tomorrow, on Tuesday, the violent movements will begin with the news of the US inflation data, which will have a very significant impact on the financial markets.
It will be a controversial week and the markets will witness great volatility.
We will be with you and beside you to cover all the data that will be issued with an analysis of its results before and after its issuance
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- Congressional Republicans introduced a bill to fire US Securities and Exchange Commission Chairman Gary Gensler and restructure the agency.And it was in the minutes of the bill that President Gensler committed a lot of violations against the economic market structure.
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Trump threatens Biden if he wins the upcoming presidential elections:“I will appoint a Special Counsel to investigate and prosecute the most corrupt President in the history of the United States of America, Joe Biden, all criminal Biden family members, and all other people involved in destroying our elections and our country”!
Заметка
- Expectations are for inflation to slow to its lowest level in almost two years.As annual inflation is expected to decline in May to 4.1% from 4.9%.
- Core inflation, which excludes food and fuel prices, rose to 5.3% in May from 5.4%.
- Knowing that the Fed aims to reach 2% inflation.
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