• bitcoinBitcoin (BTC) $ 80,395.00
  • ethereumEthereum (ETH) $ 2,264.50
  • tetherTether (USDT) $ 0.999669
  • xrpXRP (XRP) $ 1.42
  • bnbBNB (BNB) $ 652.39
  • usd-coinUSDC (USDC) $ 0.999722
  • solanaSolana (SOL) $ 94.10
  • tronTRON (TRX) $ 0.347754
  • staked-etherLido Staked Ether (STETH) $ 2,265.05
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.03

US Dollar: Hotter CPI and equity risks – ING

ING strategists Francesco Pesole, Frantisek Taborsky and Chris Turner expect a 0.9% MoM United States (US) Consumer Price Index (CPI) print, above consensus, with core at 0.3% MoM.

🔗 Source

💡 DMK Insight

A higher-than-expected CPI print could shake up market sentiment and volatility. With SOL currently at $94.92, traders should be on high alert for potential price swings. A 0.9% MoM CPI could lead to increased speculation around interest rate hikes, impacting risk assets like cryptocurrencies. If inflation fears rise, we might see a flight to safety, pushing SOL and similar assets down. Keep an eye on the $90 support level; a break below could trigger further selling pressure. On the flip side, if SOL holds above this level, it might attract buyers looking for a dip. Watch for the CPI release and adjust your positions accordingly, as the immediate reaction could set the tone for the coming weeks.

📮 Takeaway

Monitor SOL closely around the $90 support level; a CPI print above 0.9% could trigger significant volatility.

Leave a Reply

Navigating Success Together

Place your Ad

Trending News

  • All Posts
  • Community
  • Crypto Markets
  • DeFi & Web3
  • DMK AI Summary
  • DMK Editorials
  • DMK Press Release
  • Forex News
  • NFT & Metaverse
  • Regulation & Security
  • Tech & Innovation
  • Top News

News Categories