Wondering what's up with all the buzz about PPI news and its impact on the forex market? 🤔
Yesterday was the CPI (Consumer Price Index) news day and CPI measures the average change in prices consumers pay for goods and services
While PPI (Producer Price Index) news basically measures inflation at the producer level. When PPI goes up, it often means higher production costs, which can trickle down to consumers, affecting prices of goods and services 💸
So, why does it matter in forex? Well, a rising PPI might indicate potential future inflation, leading to changes in a country's monetary policy. That can shake up currency values and affect your trades!
What's a trader to do? Stay informed! Keep an eye on PPI reports, as they can signal market shifts. Adjust your strategies accordingly and consider how PPI changes might impact your currency pairs❗️
You got that? 😎
Yesterday was the CPI (Consumer Price Index) news day and CPI measures the average change in prices consumers pay for goods and services
While PPI (Producer Price Index) news basically measures inflation at the producer level. When PPI goes up, it often means higher production costs, which can trickle down to consumers, affecting prices of goods and services 💸
So, why does it matter in forex? Well, a rising PPI might indicate potential future inflation, leading to changes in a country's monetary policy. That can shake up currency values and affect your trades!
What's a trader to do? Stay informed! Keep an eye on PPI reports, as they can signal market shifts. Adjust your strategies accordingly and consider how PPI changes might impact your currency pairs❗️
You got that? 😎
GOLD SELL NOW
@ 1971.20-1974.20
SL 1976.20
TP1 1969.20
TP2 1967.20
@ 1971.20-1974.20
SL 1976.20
TP1 1969.20
TP2 1967.20
🔥2
📈 NASDAQ index buy 15904.55
💥TP1 16007.21
💥TP2 16170.54
💥TP3 16413.20
💥SL 15722.55
💥TP1 16007.21
💥TP2 16170.54
💥TP3 16413.20
💥SL 15722.55