US500 - Inflation data ahead
Hi Traders,
last week the US500 did a correction as expected.
Right now price is at a interesting level for Bulls (arround July High)
Next week we have to put our eyes on the US inflation data.
On wednesday we have the Core CPI. The forcase is +0,2%
What is the core CPI?
The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
On Thursday we also need to watch for PPI - which is likely a good indicator for future CPI values.
What is the PPI?
The Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation.
Wish you all good trades!
Team tegasFX
last week the US500 did a correction as expected.
Right now price is at a interesting level for Bulls (arround July High)
Next week we have to put our eyes on the US inflation data.
On wednesday we have the Core CPI. The forcase is +0,2%
What is the core CPI?
The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
On Thursday we also need to watch for PPI - which is likely a good indicator for future CPI values.
What is the PPI?
The Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation.
Wish you all good trades!
Team tegasFX
📈True ECN STP Broker
🌐 tegasfx.com/
🌐 tegasfx.com/
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