Last month, PPI came out extremely high! But failed to make a USD Rally!
Reason: "The result is unbelievable" mentality.
PPI has not been performing well. I would suggest to trade conservatively for this news. Historic Data shows that traders favor a bad PPI to cause a massive USD sellout. I hope that happens later though.
Reason: "The result is unbelievable" mentality.
PPI has not been performing well. I would suggest to trade conservatively for this news. Historic Data shows that traders favor a bad PPI to cause a massive USD sellout. I hope that happens later though.