US October Inflation Exceeds Expectations

The US consumer price index (CPI) data for October indicated an increase above market expectations. The CPI rose by 0.4% month-over-month, surpassing economists' forecasts. This increase signals that inflationary pressures have not yet fully eased. The data was released at a time when developments regarding price stability are being closely monitored. This rise in the CPI is considered an important indicator for monetary policy decisions and market expectations. Investors continue to closely watch inflation data. Not investment advice.

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In the US, October inflation coming in above expectations has strengthened the expectation that the Fed may delay interest rate cuts, creating short-term upward pressure on the DXY. The price is at 102 and is trading above the SMA20 (101.69) and SMA50 (101.92), maintaining a short-term positive trend. Although RSI14 at 65.5 has approached overbought territory, it has not yet generated a sell signal; MACD remains in negative territory, indicating that momentum has not yet been fully confirmed. Therefore, a rebound rally is possible but may be limited; the 102.5-103 resistance zone is critical. On the downside, support levels at 101.7-101.9 should be monitored.

RSI 14

65.5

MACD

-0.02

24h Δ

0.13%

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