USD news :
CPI m/m
CPI y/y
Core CPI m/m
It is possible that we may see a decrease in CPI m/m as we observe some leading indicators have a positive effect such as PCE or unemployment rates, which can help to decrease inflation. However, after the OPEC meeting decided to cut production, we had a huge bullish gap on the oil price, reaching $80 per barrel. This sudden increase in oil prices can cause a chain reaction, leading to an increase in the price of goods and services, ultimately causing an increase in Core CPI.
TIO1! In the weekly chart, the price broke out from the last 3PTL buy line and the sell line is estimated to be around $80 based on the support line. There are indications of a potential up-trend forming. This up-trend will be confirmed if the price can successfully break out above the resistance at $130.
