BREAKING: CPI data above expectations!

1:30 PM 13 October 2022

• Headline. Actual:8.2% YoY. Expected: 8.1% YoY. Previous: 8.3% YoY

`Monthly inflation: 0.4% MoM (expected: 0.2% MoM; previous: 0.1% MoM)

• Core. Actual:6.6% YoY. Expected: 6.5% YoY. Previous: 6.3% YoY

Monthly core inflation: 0.6% MoM (expected: 0.5% MoM; previous: 0.6% MoM)

US, jobless claims. Actual: 228k. Expected: 225k. Previous: 219k

The market has lost hope that the Fed will change its stance. A strong rise in core inflation and a smaller-than-expected decline in headline inflation. 

The dollar is gaining very strongly after the data. Currently, only the pound is gaining to the dollar in the G10. EURUSD 0.6% lower on the day's outlook. Source: xStation5

The US100 index reacts rapidly to the US inflation data and falls more than 400 points! Looking at the technical situation, just before the release of the data, the quotes tested the resistance resulting from the 1:1 geometry and the EMA100 average.  So it can be said that the data was a trigger to fill the technical layout.US100 H1 interval. Source: xSation5

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