US August Inflation Meets Expectations

Although inflation coming in line with expectations has somewhat reduced market uncertainty, the S&P 500's 1.58% decline over the past 24 hours and the RSI approaching oversold territory at 29.8 could support short-term buying interest. However, the MACD being negative and below its signal line indicates that downward momentum has not yet been broken. The price trading below the SMA20 and SMA50 also weakens the technical outlook. The news alone is not sufficient to generate a strong directional signal; the data may already be priced in. Therefore, a neutral stance appears more prudent in the short term.

The US August inflation data came in line with expectations, slightly reducing market uncertainty, but the technical picture for the NDX remains weak. The RSI is at 32, approaching oversold territory, while the MACD is below its signal line and in negative territory. The price is below the 20 and 50-day moving averages, indicating continued short-term pressure. The news alone does not provide a strong directional signal; the in-line inflation data did not change expectations for a rate cut. Therefore, I anticipate a neutral trend in the short term, although oversold conditions could trigger buying interest.

US August inflation coming in line with expectations may have a limited impact on the DXY. Technical indicators are giving mixed signals: RSI at 53 is in neutral territory, MACD is slightly below the signal line, and the price is squeezed between SMA20 and SMA50. The inflation data being within expectations reduces the anticipation of a sudden change in the Fed's current policy, which could keep the dollar index searching for direction. In the short term, fluctuation around the 99 level is highly likely; unless there is a clear breakout, directional uncertainty may persist.