Free Trade Ideas

Welcome to Thursday’s trade! This morning’s big news was US PPI, the latest inflation figures from the Bureau of Labor Statistics (BLS). What did the BLS say? More inflation, hot inflation, and prices are likely headed higher. Let’s dive in.
PPI for August came in at 0.4% month over month and 5.4% year over year. These figures were as expected, with yearly PPI posting a 0.1% level above expectations. Core PPI, which strips out food and energy, was a bit better at 4.6% yearly and 0.2% monthly. By comparison, Core PPI came in beneath expectations, as the more volatile food/energy categories were omitted.
So, what does it all mean? Basically, this was a “hot but in line with expectations” PPI report. The USD rallied on the news, with bearish sentiment hitting US stocks and crypto. Here’s a key support level worth watching in XAUUSD:
Weekly 62% Fibonacci Retracement, 4241.28
Be sure to check out our Key Levels for more information on this Trade Idea.
It’s been a wild 24 hours in the financial world. Crude oil is firmly back above $100 per barrel, POTUS Trump promised voters $5,000 if Republicans win the midterm elections, and US Treasury Secretary Bessent dared traders to bet against the yen. Simply put: these are incredible times full of opportunity. Today, we traded PPI live and put up a positive number. If you missed it, check it out here: https://youtu.be/M5TBqN__CSI Interested in the latest Consumer Price Index report? Join us tomorrow for all the action at CPI Live (8:20 AM EST, Switch Markets on YouTube). Trade well, and we’ll see you there!