The May CPI report of the United States will be released tonight (Tuesday). After reaching a peak of over 9% in June last year, the CPI has been showing a downward trend
The May CPI report of the United States will be released tonight (Tuesday). After reaching a peak of over 9% in June last year, the CPI has been showing a downward trend. Analysts predict that compared with the same period last year, the overall CPI inflation rate in May will significantly slow to 4.0% (the previous value is 4.9%), and the annual rate of core inflation will more significantly slow to 5.2% (the previous value is 5.5%). This sharp decline is mainly due to the huge negative Base effect, because since the beginning of the Russia-Ukraine conflict last year, the 12-month window period of oil price rise has ended. This Base effect should be more obvious in the CPI report in June, when the overall annual inflation rate is likely to fall to a low of 3%. In addition, it is expected that the monthly core CPI rate will slightly decrease to 0.3% in May (previously 0.4%). Unless there is a significant increase in CPI data in May, the FOMC will suspend interest rate hikes at its June meeting.
Recently, the US SEC has caused a lot of anxiety in the industry, causing counterfeit coins to collectively dive, causing a lot of panic, causing the Ethereum to drop to around 1720. Ziya believes that the CPI probability this time will meet expectations, or be lower than expectations, leading to the lack of conditions for interest rate hikes. Therefore, the June interest rate hike will be suspended, which will lead to a significant increase in the coin price. We will plan ahead in the future and focus on a lower price.
The weekly level has been three consecutive negative periods. Currently, the coin price is on the middle and lower tracks of the Bollinger band, with the upper 1770 track under pressure. The MACD energy bar in the sky chart is below the zero axis, and the lower support is near 1720 and 1700. It is not my style to participate in multiple orders without breaking through. Chasing up and killing down is not my style. Remember that there are no eternal long positions or eternal short positions in the market, only the ever-changing coordination with my trading system and strong execution ability, Only then can stable profits be achieved. Don't expect the so-called ever victorious general in the market. I can tell you clearly that it doesn't exist, so I advise you to keep a clear head at all times, and wish you good luck # blockchain # # Ethereum eth # # Ethereum # # Bitcoin use#
Author: Coin Circle Ziya
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