Fundamentals:
CPI data higher than expected but m/m down compared to previous time. Worse US PPI's and a bit better unemployment claims expected, so manipulation to the upside is likely.
Intermarket:
Oil and Copper up -> Risk on -> USDJPY shouldve been up as well -> Intermarket Divergence
Sentiment:
Retail is Increasing their Shorts -> Retail is usually wrong -> Prices might continue to rise
Technicals: Previous News level with 50% Fib level and Pivot+Volume Pull price up.
CPI data higher than expected but m/m down compared to previous time. Worse US PPI's and a bit better unemployment claims expected, so manipulation to the upside is likely.
Intermarket:
Oil and Copper up -> Risk on -> USDJPY shouldve been up as well -> Intermarket Divergence
Sentiment:
Retail is Increasing their Shorts -> Retail is usually wrong -> Prices might continue to rise
Technicals: Previous News level with 50% Fib level and Pivot+Volume Pull price up.