Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
USDC 
Solana 
TRON 
Lido Staked Ether 
Figure Heloc 
Prior YoY was +3.0% PPI M/M +0.5% vs 0.3% expectedPrior +0.5% (revised to 0.4%)Core PPICore PPI Y/Y +3.6% vs +3.0% expectedPrior +3.3% Core PPI M/M +0.8% vs +0.3% expectedPrior Core PPI MoM +0.7% (revised to 0.6%)PPI Ex Foor/Energy/Trade YoY 3.4% vs 3.5% last monthPPI Ex Food/Energy/Trader MoM 0.3% vs 0.3% last month (revised from 0.4% last month)For the second month in a row, the PPI came in higher than expectations. The data suggests the despite all the chatter about inflation moving lower, it is still sticky and is what is bothering people. The inflation from the pandemic is irrelevant. Cost/Push inflation continues to move higher, and that is not a good thing. US stocks are sharply lower with the Nasdaq down -245 points. The Dow is down -571 points. The S&P is down -63 points.Yields in the US are still lower on the day with the 10 year below 4.0% at 3.984%. 2 year yield is down -4.2 basis points at 3.405%.Gold moved up to test swing area resistance:Silver moved up to test the 50% of the move down from the all-time high to the low reached in February. WHAT THE US PPI MEASURES?The Producer Price Index (PPI) is an economic indicator that measures the average change over time in the selling prices received by domestic producers for their output. In simpler terms, it tracks inflation from the perspective of the seller/business rather than the consumer like the Consumer Price Index (CPI).
This article was written by Greg Michalowski at investinglive.com.
💡 DMK Insight
The latest PPI data shows inflation pressures are stronger than expected, and here’s why that matters: With the Core PPI rising 0.8% month-over-month against an expected 0.3%, traders should brace for potential volatility in both the forex and crypto markets. This uptick could prompt the Fed to reconsider its interest rate strategy, especially if inflation remains stubbornly high. The market’s reaction to these figures will likely ripple through related assets, particularly the USD, which could strengthen as traders anticipate tighter monetary policy. Watch for key resistance levels in major currency pairs, especially if the dollar gains momentum against the euro and yen. On the flip side, if the market overreacts to this data, it could create buying opportunities in risk assets like equities or crypto. Keep an eye on the S&P 500 and Bitcoin, as they often react inversely to dollar strength. The next few days will be crucial; monitor how these assets respond to any shifts in sentiment as traders digest the implications of this PPI report.
📮 Takeaway
Watch for potential dollar strength and volatility in risk assets; key levels to monitor are resistance in major currency pairs and Bitcoin’s response to dollar movements.
