Not over yet! Big events happening tonight❗❗❗
🔥 Tonight at 20:30, the entire market will be focused on the US CPI inflation data! The market is collectively betting that inflation will cool down, expecting CPI year-on-year to drop to 2.6%, and core CPI is expected to fall to 3%
💡 Three key points to watch:
1️⃣ Oil price boost: Trump's policies have led to a significant year-on-year decline in weighted oil prices
2️⃣ Tariff lag: New tariffs have yet to be reflected in the price index
3️⃣ Surprise threshold: As long as the data ≤ forecast value of 2.5%, it will be considered a positive surprise!!
Recent news has been the main reason for market volatility, so before the CPI data comes out tonight, everyone should remain cautious and wait for the data to decide the trading direction.