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BTC: What's Ahead After the CPI Data?BITSTAMP:BTCUSD Bitcoin is up 0.52%, trading at $61,317.96 after the CPI data, which slightly exceeded expectations. Despite the minor increase, the overall trend shows continued sidelined behavior, reflecting the pattern of the past months. Here's a breakdown of the technical indicators: 1D Timeframe Oscillators: Mixed signals, with the Relative Strength Index (14) at 45.86 (neutral), but Momentum (10) and Commodity Channel Index (20) indicate buying potential. However, MACD Level signals sell. Moving Averages: Most short- and mid-term moving averages suggest a sell, while the 200-period Simple Moving Average remains bullish at $60,020.79, suggesting long-term support. 2H Timeframe Oscillators: Mostly neutral, but Momentum (10) gives a buy signal. The MACD Level and Moving Averages are in sell mode, reflecting short-term weakness. Moving Averages: Clear sell signals dominate across the board, with only the Simple Moving Average (10) giving a buy at $60,868.83. 30-Minute Timeframe Oscillators: The shorter timeframe shows mixed signals, with a buy from the MACD Level (12, 26) and Simple Moving Average (20), while Momentum (10) and Bull Bear Power remain bearish. Moving Averages: Short-term moving averages are providing conflicting signals, showing that there may be a short-term consolidation phase. Summary: The indicators reflect a market still in consolidation with minor price recovery. Despite occasional buy signals on short-term charts, the overall trend remains cautious. Traders should keep an eye on potential breakouts from this sidelined range, but aggressive entries should be avoided for now. Disclaimer: This is not financial advice. Always do your own research before making any investment decisions.
by CF_444
Delta Air Lines (NYSE: $DAL) Set to Report Q3 Earnings Today As Delta Air Lines (NYSE: NYSE:DAL ) prepares to report its Q3 earnings on October 10, 2024, investors are keenly watching for signs of a potential breakout. Despite facing industry-wide challenges, including rising costs and the looming impact of Hurricane Milton, Delta stock ( NYSE:DAL ) is showing signs of bullish momentum. With analysts predicting a 25% earnings decline to $1.52 per share, the Atlanta-based airline still has promising revenue growth forecasts, as the airline sector continues to rebound. Earnings Outlook For Q3, analysts expect Delta’s earnings to decline 25% year-over-year, largely due to higher operating costs and fare competition caused by an oversupply of flights but that's too bad. However, revenue is expected to inch up by 0.7%, reaching $15.595 billion, thanks to steady travel demand at least some hopium. The outlook for Delta’s full-year earnings suggests a slight dip to $6.18 per share, which is within the airline’s guidance range of $6-$7 per share. Notably, analysts project a strong 19% rebound in earnings for 2025, raising optimism for long-term investors. Revenue Hit from IT Outage: This earnings report will be Delta’s first since the massive IT outage in July caused by a CrowdStrike software update. The outage forced the airline to cancel thousands of flights, resulting in a $500 million revenue hit. While the company has considered legal action against the software provider, the incident has cast a shadow over its Q3 performance. ugh With all this, i don't think NYSE:DAL stock could escape the plunge. Hurricane Milton's Impact: The imminent arrival of Hurricane Milton, a Category 4 storm, poses an additional threat to Delta’s Q3 results. On Wednesday alone, over 2,500 flights were canceled, many of which belonged to Delta. The company is bracing for further disruptions as the hurricane hits Florida’s west coast. This comes on the heels of Hurricane Helene, which wreaked havoc across the Southeast earlier in the month. Despite these headwinds, Delta’s leadership in the airline industry remains solid. As one of the most profitable U.S. carriers, Delta is expected to weather these short-term challenges and emerge stronger, especially as the entire travel sector, including cruise lines and hotels, rebounds aggressively into 2025. Technical Analysis: On the technical front, Delta stock is approaching a key buy point at $52.45, which represents a cup-with-handle formation. The stock has been in a rally mode, following a 6% gap-up in late September, when Southwest Airlines raised its revenue guidance and lowered fuel cost projections. Since then, Delta stock (NYSE: NYSE:DAL ) has gained nearly 2%, closing just shy of the crucial buy point on Wednesday. Bullish RSI and Inverted Hammer Signal Potential Breakout: As of Wednesday’s close, Delta stock (NYSE: NYSE:DAL ) exhibited a bullish RSI of 67.24, suggesting strong momentum. Additionally, the daily price chart revealed a bullish inverted hammer candlestick, a pattern often indicative of a potential reversal to the upside. A breakout above $52.45 could pave the way for a move toward the pivot point at $54, marking a bullish trajectory for the stock. However, traders should also keep a close eye on the downside. A break below the one-month low of $46 could trigger a selling spree, especially if the hurricane impacts the company more severely than expected. Broader Sector Rebound: A Positive Tailwind While Delta faces (NYSE: NYSE:DAL ) its own unique challenges, the broader airline sector has been rallying for nine straight weeks. United Airlines ( NASDAQ:UAL ) and Southwest Airlines ( NYSE:LUV ), which are set to report earnings later this month, have both been climbing in tandem. The entire travel sector, buoyed by strong demand for both leisure and business travel, continues to outperform, with analysts predicting further gains through 2025. In addition to the airline industry, cruise lines like Royal Caribbean ( NYSE:RCL ) and travel booking platforms have seen robust growth, with Citi analysts noting that the rally “has real legs” into 2025. For Delta, this sector-wide recovery could provide further support for its stock price, despite near-term turbulence. Price Target and Analyst Sentiment: Delta stock (NYSE: NYSE:DAL ) is currently trading around $47.90, down 6.5% in premarket trading on Thursday. Analysts remain optimistic about the stock’s long-term prospects, with a consensus price target of $61.89, implying a 21% upside from Wednesday’s close. Additionally, 11 analysts have assigned Delta a "Strong Buy" rating, further bolstering the bullish sentiment surrounding the stock. Conclusion: Delta Air Lines (NYSE: NYSE:DAL ) is at a critical juncture as it prepares to report Q3 earnings. Despite the challenges posed by Hurricane Milton, rising costs, and the recent IT outage, Delta’s fundamentals remain strong. The airline is expected to see a modest revenue increase in Q3, with significant earnings growth projected for next year. Technically, the stock is on the cusp of a potential breakout, and a move above $52.45 could trigger a fresh rally. However, investors should remain cautious, as a dip below $46 could lead to a sell-off.
NYSE:DALShort
by DEXWireNews
U.S. Equity Investors Eye CPI Data Amid Fed Rate Cut SpeculationU.S. Equity Investors to Focus on Inflation Data to Gauge Potential Fed Rate Cuts This week, U.S. equity investors will closely monitor consumer and wholesale price inflation data to assess the likelihood and magnitude of potential interest rate cuts in September. The Dow Jones is expected to experience heightened volatility, particularly in response to the CPI data and the evolving interest rate environment. The index may attempt to reach 40,670, followed by a potential drop to 40,470 or lower, likely occurring ahead of the CPI release. If the CPI comes in at 2.8% or lower, upward pressure on the price is anticipated. Stabilizing above 40,800 before a decline would signal the end of the bearish correction. Key Levels: Pivot Point: 40,670 Resistance Levels: 40800, 41030, 41340 Support Levels: 40470, 40320, 40000 Expected Trading Range: 40800 - 40320 Trend: Bearish as long as the price remains below 40670.
OANDA:US30USDShort
by SroshMayi
2
USNAS100 / Futures Hold Firm Ahead of Crucial Inflation DataFutures Hold Steady Ahead of Key Inflation Report The price has surged, successfully hitting our targets with a gain of approximately 400 points Next Outlook: The upcoming movement will be influenced by the CPI report, with two potential scenarios: Bullish Scenario: If the CPI is released below 3.00%, the bullish trend is likely to continue, aiming to break 19,200 and advance toward the next target of 19,530. Bearish Scenario: A CPI release above 3.00% could trigger a decline, with the price potentially falling toward 18,760 and 18,420. Key Levels: - Pivot Line: 19100 - Resistance Levels: 19200, 19320, 19535 - Support Levels: 18760, 18420, 18020 Today's Expected Trading Range: The price is anticipated to fluctuate between 19,200 and 18,420. previous idea:
OANDA:NAS100USDShort
by SroshMayi
CPI Report in Focus: Futures Steady, Key Levels to WatchFutures Steady Ahead of Key Inflation Report The price has pushed up and reached our target successfully, with momentum still aiming for 5,460 and 5,491. Today’s CPI report is expected to significantly impact market movements. Bullish Scenario: The price is likely to attempt reaching 5,460, with further movement depending on the CPI result. If the CPI comes in below 3.00%, this could drive the price higher. Bearish Scenario: A CPI reading of 3.00% or higher could trigger a decline, with the price potentially falling to 5,409 and 5,372. Key Levels: - Pivot Line: 5,460 - Resistance Levels: 5491, 5539, 5584 - Support Levels: 5409, 5,72, 5320 Today's Expected Trading Range: The price is anticipated to fluctuate between 5,372 and 5,491. previous idea:
OANDA:SPX500USDShort
by SroshMayi
Dollar Index: Vulnerable Support Ahead of CPI Inflation Data Ahead of this week’s CPI inflation print, the US Dollar Index has moderately bounced back from support at 102.78. Despite benefiting from additional channel support (taken from the low of 103.65) and the Relative Strength Index (RSI) recently shaking hands with oversold space (< 30.00), bullish resolve from the support has been uninspiring. Lacklustre Rebound from Support The lacklustre reply from support could be due to sentiment favouring bears; since topping at 106.13 in late June, sellers have dominated price action, pushing the unit through the 200-day Simple Moving Average (SMA) at 104.21. Further Downside? Should bulls change gears and extend the pullback from support, resistance at 104.02 calls for attention. This base also shares chart space with channel resistance (extended from the high of 106.13), and the 200-day SMA underlined above. Alternatively, in light of the feeble response from current support and sentiment favouring downside at this point, breaching current support could be on the table this week, with the pendulum swinging in favour of reaching support from 101.78 and 101.01.
TVC:DXYShort
by FPMarkets
CPI Index Rises over 43% per decade on Average - Don't be Fooledby the Politicians, Talking heads and Bankers. Governments can only Tax, Borrow & Spend Central Banks can only Print & Lend. If this index were to rise by the average of 43% You are looking at the CPI Index hitting 372 by Jan 2030 There is every likelihood this decade, will be a higher than average inflation rise. You must save in scarce Assets #Gold & #Bitcoin You must continue to in invest in #Technology #ETH & #LINK come to mind.
FRED:CPIAUCSLLong
by BallaJi
XAUUSD Demand and Supply Zone | 4H TimeframeXAUUSD Demand and Supply Zone | 4H Timeframe HEY Traders ! hope you are doing well - This prediction is based on Technical Analysis - Supply and Demand Zone path elaborated - Gold touched the supply zone and clearly rejected to now in a bearish circle - Usd High Impact news are Waiting to moving gold volatile - Our Target and Our Trend as Shown in our Analysis - We decided to stick with our idea until gold touched the points 2350-2345-2340.00 - Stick with Trend - Don't be opposite from Trend
OANDA:XAUUSDShort
by professionaltradersfx
How To Trade Gold On CPI News DataAs a Gold Trader understanding and interpreting CPI data is crucial for making informed trading decisions. Here's a guide on how to read CPI data and a trade idea based on potential CPI outcomes: --- Understanding CPI Data: CPI Basics: The Consumer Price Index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households. Core CPI: Core CPI excludes volatile items like energy and food, providing a clearer view of inflation trends. Gold's Reaction: Gold is often seen as an inflation hedge. A rise in CPI may lower real interest rates, which can be positive for gold prices. However, gold reacts primarily to strong increases in inflation¹. Trading on CPI Data: High CPI: A higher-than-expected CPI may strengthen the dollar, putting pressure on gold prices. Consider a short position if CPI is significantly above forecasts. Low CPI: A lower-than-expected CPI could weaken the dollar and boost gold prices. In this case, a long position may be favorable⁷. Trade Idea: Entry: Monitor the CPI release. If CPI is higher than expected, enter a short position; if lower, consider going long. TP and SL: Set your take profit (TP) near the next resistance level for long positions or support level for shorts. Place your stop loss (SL) just above the recent swing high for shorts or below the swing low for longs. Position Sizing: Adjust your position size to manage risk effectively, ensuring the SL does not exceed 1-2% of your trading capital. Example Trade Setup: If CPI is high: Short gold with SL above the last swing high and TP at the next significant support level. If CPI is low: Go long on gold with SL below the last swing low and TP at the flag high or next resistance level. Note : Always use proper risk management and adjust your strategy based on the actual CPI data and market reaction. --- Remember , CPI data can cause significant volatility in the gold market. Stay informed and be prepared to act quickly following the data release. Good luck! 📈 Follow for more setups and educational material
FXOPEN:XAUUSDEducation
by itmecrypomania
CPI Setup GOLD | Safe Zone CPI Setup GOLD | Safe Zone H1 Timeframe Current point 2027.50 - This Setup is not based on Sell or buy - According to last CPI Gold firstly moves 100+ pips in buy and then lay down - After Structuring the data we expected 100 pips buy then gold will fall - We set the safe zone if and if gold break the 2041 area then next move would be 2047 furthermore on the major support level if gold retest to break the 2012-2011-2010 next target would be 2000.00 - At a same time CPI , CORE INFLATION RATE , YOY AND MOM all are highly impact news - use proper lot size and risk management to secure profit because patience is a major key This Analysis is uploaded at 13/02/2024 Cheers ..
OANDA:XAUUSDLong
by professionaltradersfx
1
ETH/USD After Recent CPI Report🚀 Ethereum Analysis Update - Buckle Up! 🌙 1.)Waxing Moon Influence: 🌔 The mystical waxing moon cycle has graced us! Brace yourselves for potential shifts in market dynamics. History shows it can be a game-changer, so keep a keen eye on its impact. 2.)Bearish Divergence Alert: 📉 A bearish divergence is playing out on the daily chart - the market's way of whispering potential caution. Bulls, be on guard! 🐂🚨 3.)Bollinger Band Potential Rejection: 💥 The Bollinger Bands are hinting at a possible rejection. Are we in for a bounce or a breakdown? Time to read the signs! 📊🧐 4.)CPI Report Surprises - Inflation Gets Sticky: 📈🔥 Surprise, surprise! The latest CPI report came in higher than expected, signaling that inflation is getting sticky. Brace for potential turbulence as the Federal Reserve contemplates interest rates. How will Ethereum dance to the inflation tune now? 🕺💸 Stay vigilant, traders! 🚨 Your favorite crypto might be gearing up for a thrilling ride. As always, DYOR (Do Your Own Research) and trade wisely! 💼💰 #Ethereum #CryptoAnalysis #MoonCycleMagic 🚀🌙
BITSTAMP:ETHUSDShort
by MasterChef23
XAUUSDHey guys, Looking at gold here today, with CPI data to be released, I'm anticipating a bearish continuation. 1988.879 - 1986.404 Potential sell zone (fib retracement) 1975.487 Old high that will probably be violated should CPI drive price lower (take profit one) 1965.467 Old low loads of liquidity resting below from buyers. (Final take profit) 2009.719 In the unlikely event that price decides to push higher this is a level where price may stall before continuing lower (post CPI data release) Analysis by Austin Palmer for APFX Trading
OANDA:XAUUSD
by Austin_Palmer
usdcad trade idea I bias down sideThe Canadian dollar has managed to maintain strength against the USD in a week with little Canadian specific economic data. Last week’s Bank of Canada (BoC) rate announcement saw Governor Macklem leave the door open to additional hikes should incoming data necessitate. Subsequently, the local balance of trade and labor reports outlined the economies resilience and sustained upside pressures on inflation from an average earnings lens. Higher crude oil prices are also favorable for the CAD while supplementing the inflation narrative that could prompt the aforementioned hike early next year. This is reflected in BoC interest rate expectations (refer to table below) which have been ‘hawkishly’ re-priced to suggest a 10bps peak from 5bps just last week. BANK OF CANADA INTEREST RATE PROBABILITIES
Short
by Ttrade-With-Logic
2
$CNIRYY - Deflationary CPI- While ECONOMICS:USIRYY numbers remain inflationary, having the latest increase to 3.2% on August 10th, on the other side of the World from the second Global Superpower, ECONOMICS:CNIRYY came Deflationary at negative 0.3% on 9'th of August, just a day prior to numbers of ECONOMICS:USIRYY . Note that The Head of Federal Reserve, our pal Jerome Powell, stated that Feds do not see Inflation ECONOMICS:USIRYY coming down to their norm target of 2% CPI by 2025. Jerome still believes on a 'Soft Landing'.. How about another Joke, Powell !?
ECONOMICS:CNIRYY
by Mr_J__fx