Today’s inflation report is anticipated to drive significant market movements, particularly following unanimous agreement among Fed members to cut rates by 50 basis points.
A CPI release exceeding 2.3% is expected to support a bearish trend towards 5,732. Conversely, a CPI below 2.3% would likely drive a bullish trend, targeting 5,863.
Additionally, stability above 5,784 would reinforce a bullish outlook, while a close below this level on the 4-hour candle could prompt a decline toward 5,732.