In the past 12hrs, the stock market rallied in anticipation to lower Inflation Data (CPI). The forecasts are that the the December figures may be lower than November's. Should the CPI data come out better than expected the DXY will tumble, consequently the S&P500 will surge to the 4100 mark.
On the flip side, should the Inflation data come out negative (High Inflation), the DXY will rally while the S&p500 could dip to the 3920 mark.
Inflation Forecast:
CPI (MoM): 0.3%
CPI (YoY): 7.3%
On the flip side, should the Inflation data come out negative (High Inflation), the DXY will rally while the S&p500 could dip to the 3920 mark.
Inflation Forecast:
CPI (MoM): 0.3%
CPI (YoY): 7.3%