The PPI (Producer Price Index) did us very well yesterday because it was weaker than expected. Above all, having this result 24 hours before the CPI 🇺🇸 (Inflation) figures is very good!
As you can see below, the dollar has fallen sharply, bringing with it a very powerful bullish momentum on the Nasdaq (and the S&P500 too)!
Cryptos have also reacted well but are a little late. Well, this still allowed us to pass the $60 ,000 of #Bitcoin and therefore to go back above the support, but we know very well that this remains a small movement for the BTC.
I can't wait for 2:30pm to get the CPI numbers, knowing that the consensus is for 3% like last time, so a non-event. So if we go down to 2.9%, the markets will appreciate it.
BIG PUMP TODAY ??
As you can see below, the dollar has fallen sharply, bringing with it a very powerful bullish momentum on the Nasdaq (and the S&P500 too)!
Cryptos have also reacted well but are a little late. Well, this still allowed us to pass the $60 ,000 of #Bitcoin and therefore to go back above the support, but we know very well that this remains a small movement for the BTC.
I can't wait for 2:30pm to get the CPI numbers, knowing that the consensus is for 3% like last time, so a non-event. So if we go down to 2.9%, the markets will appreciate it.
BIG PUMP TODAY ??
11 months ago
