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Potential Risk OFF move with high CPI Data on Thursday
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Potential Risk OFF move with high CPI Data on Thursday
September Producer Price Index figures created a minor blip today with nothing much to trade. Traders are holding off for Thursdays CPI data. Expect it to be slightly higher which will mean the FED will have to continue to raise interest rates. This will cause a continuing Sell Off of stocks causing an even more strengthening of the USD. However beware the USD is very overbought. We should be moving back into a Risk Off scenario so watch for the signs ready to get the big moves.
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5 Replies
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What is the best way to trade this data release?
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This data release includes two of the current most important releases. The fed is mandated to maintain around 2% inflation and high employment and those two releases are coming out in 20 mins. It is only for the brave to trade this live or as it happens. Yu can place a pending order a few minutes before the release or wait to see what happens then trade in the direction of the trend of your chosen instrument.
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Inflation is showing no signs of slowing. The Consumer Price Index (Inflation) rose .4% in September after rising .1% in August. Year to year it rose 8.2%.
This is bad news for the FED meaning they have no option than to raise interest rates again in the fight against inflation. In addition the Jobless Claims rise to highest levels in 7 weeks.
US Equity Futures took a dive, meaning the NYSE is likely to open lower on the open at 9:30am EST. This is a potential big Risk OFF trade. Lets wait for the open before getting into a trade.-
Initial Equity slide turns to a massive rally and a Risk ON scenario – So no trade today on Forex.
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Ive been researching the Risk On Risk Off strategy. It looks pretty good if you can understand when it actually is Risk On and Risk Off. (If that makes sense)
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