Let the picture be clear for everyone today:
US inflation data (Producer Price Index) will be released in an hour from now.
• Expectations indicate that inflation will rise from 2.3% to 2.5%.
• If inflation rises to 2.5% as expected or higher, this will lead to greater strength for the dollar against currencies, gold, and Bitcoin.
• If inflation is lower than expected (2.5%), it will be a strong surprise to the markets and will significantly weaken the US dollar.
Beware of strong volatility today.