🚨 Inflation is 📉 down BUT 👀 look where the Market is right now! SP500 $EURUSD $AUDUSD
🎩 In today's episode we look at the outcome of the inflation and CPI data and fit it in with the current dynamic of the market. Some interesting observations:
🔸 S&P 500 is inside supply and the inflation numbers show a drop.
🔸 inflation dropping should mean rates will drop which means dollar should drop and $eurusd rallies, so this was the initial reaction ONLY there is one thing no one is seeing.
🔸 Retail were piling into shorts on the $eurusd right as data was coming out and after the rally they added aggressively.
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