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CPI

Rally into 2023? Likely rally into 2023, spurred by downward trend in inflation. Likely 25bp hike at next meeting, then full stop to evaluate the damage (and give time for lagging economic data to catch up to policy changes). Unemployment will rise, possibly some deflation, and fed will cut rates towards the end of 2023 in response to negative economic data. This will cause a second drawdown. Well, the rates will be correlated with a second drawdown, but the real correlation will be between the negative data and equities. My initial thoughts as we move into a new year. Should be an interesting one. Love, InTheMoney
NASDAQ:QQQLong
by InTheMoneyAdam
8
ES - S&P 500 Retest and Down We GoWith the "cooked" CPI, let us examine the ES Chart. 1. The dotted yellow TL's show the OVERShoot and UNDERShoot, which are perfectly in line with the Medianlines. 2. Price was going up from the Zero to Five Count and broke the confirmed Pivot 4. This leads into a potential new start of the next Downtrend. 3. From the red 1, up to where we are now (2023/01/12), this looks like a perfect market manipulation in line with the CPI. However, with or without CPI, we see where price bangs it's head to day on a intraday view. Right at the U-MLH. We could either get a hard rejection from here, or price even get's pushed up to the yellow sliding parallel. 4. The Stochastic also shows a negative sign since price got pushed up to the U-MLH. If your backtest this Oscillator, then you know that most of the time there's a push in the opposite side before price synchronizes. Or in short: Watch the Rocket Man §8-) Stay save and trade with Brain.
CME_MINI:ES1!Short
by Tr8dingN3rd
BTC US CPI DAY JANUARYHello dear traders, we have CPI DAY BTC took an incredible flight upwards yesterday at the end of the US session and did not give us a chance to catch this good trend Today's CPI rules - if we hold $17800 we go up to at least $19079 and higher I see the strongest support as the $17900 level below which when the whole candle closes on the 30 minute chart can start a bearish trend right away I will open LONG somewhere between $18000 to $17900 if we even look there, CPI is in about 25 minutes
Long
by Crypto-Frantisek
SPX - We are still within the range!SPX - We are still within the range! SPX - For most indices we've had bullish momentum especially in Europe side cac, ftse, dax amazing moves but we are still struggling when it comes to US Indices. We've had great bullish momentum at the end of the week now let's not get too excited we are still within the ranges things to keep in mind this week going forward CPI, Q4 earnings, Unemployment claims coming out of US. Key tip: Ignore the noise and focus on the chart in front of you. Everyone has opinions, they'll even comment on your career choice but most importantly only YOU can learn and earn by the execution of your own trades. A break to either direction. Trade Journal
SP:SPX
by Trade_Journal
4
Will US CPI continue to feed the risk rally?Eyes on today's CPI Risk markets set the tone on Wednesday as traders reacted to hopes that Today’s CPI data will come in lower than expected. This could lead to small interest rate hikes and could even signal peak inflation. We’re anticipating tonight’s data and if it will live up to the hype. How much has been factored in? Could it be a disappointment if it fails to meet what’s being expected? It is simple. We see a solid beat to the downside we think risk markets will continue to rally. We see it come in as expected, or god forbid higher, and we think they will fall. We have done a quick price action review on the USD index and US30. Major risk currencies look to be consolidating at this stage in the lead-up. The USD index is trying to hold out at 103.00. US CPI data is due today at 12:30 am AEDT / 8:30 am ET.
EIGHTCAP:USDX
by Eightcap
Joe Gun2Head Trade - USDCHF into resistance. Highly speculative.Trade Idea: Selling USDCHF Reasoning: Double top on the weekly chart. Into intraday resistance. Highly speculative ahead of CPI at 1:30Uk. Entry Level: 0.93382 Take Profit Level: 0.9167 Stop Loss: 0.9398 Risk/Reward: 2.82:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
2
NQ Power Range Report with FIB Ext - 1/12/2023 SessionCME_MINI:NQH2023 - PR High: 11480.00 - PR Low: 11465.75 - NZ Spread: 31.75 Evening Stats (As of 1:05 AM) - Weekend Gap: +0.16% (filled) - 8/19 Session Gap: -0.04% (open > 13237) - Session Open ATR: 266.59 - Volume: 20K - Open Int: 255K - Trend Grade: Bear - From ATH: -31.6% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 12391 - Mid: 11820 - Short: 10678 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQH2023
by mv3trader5
GBPUSD before the big news!Today we expect US inflation (CPI) data to be released. This is some of the most important news right now, and it's making a big impact. Regardless of the values, we expect big fluctuations at the time of publication! Anyone who does not have experience and prefers more relaxed trading is recommended to just watch the movements! We have identified the possible scenarios and the levels we expect to be reached. One option we are looking at is GBPUSD. A drop to 1.2080 and a pullback will allow for a rally to 1.2300. Do not trade before the news! Do not trade if there is no confirmation of the expected scenarios!
by ForexTrendline
4
BTC IS AT RESISTANCE! EXPECTING A CORRECTION FROM HERE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. The first week of 2023 was going fantastic, we saw a good pump in the market. If you followed my previous analysis of BTC in which I clearly mentioned that BTC will go to test the $17.3k-$17.5k level and exactly the same happened. Now, what's next? As you see in the chart, currently, BTC is trading in the resistance zone. $17.3k-$17.6k is a crucial resistance area. I'm expecting a rejection from here and we might see a test of $16.8k-$17k from here. Tomorrow, CPI data will release and I'm expecting a bad CPI this time. So every pump before the CPI is just a trap IMO. Let's see how this goes. What do you think? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Short
by CoreCrypto1
14
#usdt dominance has to decide how its gonna be!In the chart that we have here related to #USDTD, as you can see, the support ranges have been lost in short time frames and even the support trend line has not shown a support reaction in higher ranges! After the reaction to the resistance range at 8.70 and 8.80, we saw a correction of several days in #USDTD, which caused the market to turn green and of course, sometimes it caused the pumping of some currencies as well! The important thing that we must pay attention to today is the range on which #USDTD is placed, and it seems that it has prevented further correction in time, of course, this could also be because today coincides with the news and Important statistics, including the announcement of statistics (CPI), which we will continue to examine the dollar index so that we can make a better decision for the trade for the possible direction of the currencies of the second side of the dollar! It is recommended to set an intelligent loss limit if you enter any trade in any time frame today!
CRYPTOCAP:USDT.DLong
by rfmarandi
FINALLY Bitcoin 36K test soon??June of last year I published a post about bitcoin and the possibility of a coming bear market rally to 36k once the 18k support level finally broke down (approximate). Well the first week of November this occurred and although we did not get the deep capitulation we would have liked to see, we find ourselves in an interesting situation with the new data we have now to go off of. The primary piece of information being that of getting back above 18k after a failed attempt a week or so before Christmas. I did not post anything at the time of that occurring because I was not sold on the idea that it was legitimate. But fast forward to the middle of January and on the weekly chart of Bitcoin we now have not only the break back above 18k, but also classic bullish divergence showing on the weekly RSI indicator. And if we look at the weekly RSI we can also see that there is A LOT of room to run to the upside after consolidating for SEVEN MONTHS after first going oversold in June. And we are now getting confirmation of this bullish divergence that we were patiently waiting on by taking out the 18k resistance level and now attempting to close back above it. Keep an eye on the Sunday close of this weekly candle on Bitcoin. As well as the coming US CPI data that is going to be released tomorrow. If BTC can hold above this 18k level, there could be a major move to the upside that could take us well past the main target of $36000 on Bitcoin. Meanwhile, the short term first target for this asset (if 18k holds) would be $21500.
INDEX:BTCUSDLong
by TradeVibez
1
using CPI & CLAIMS data as TRADE CONFLUENCE!Really tricky market to make sense of right now because of how last weeks data (stronger job market - confirmed by NFP) was disregarded. This could mean: 1. Either they were beginning to lay a trap (current moves will reverse) 2. The market genuinely doesn't care because it expects claims to eventually pick up with a vengeance Here's what I think: CPI has been cooling due to lower Oil price and higher interest rates (housing is a big component of CPI). Lower CPI shouldn't be a shock to anyone and is likely already priced in. For this reason, I think what matters most right now is what the Fed is focused on: SERVICES (wage) inflation and this is why I believe the main focus tomorrow is likely to be the services component of CPI and the CLAIMS data. I think tomorrow's news is already priced in and we're likely to see a reversal in XAU.
OANDA:XAUUSDShort
by XAUSpeculator
2