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Chatting about the markets with Chat GPT🤔
The market was expecting 2 news items:
1-Will the US and China come to an agreement?
2-The inflation data announced today
-"It was agreed that the U.S. would impose a 55% Customs Duty, while China would impose a 10% Customs Duty."
Assuming that geopolitical tensions have been put on hold for a while, it seems positive for the crypto side, but this news doesn't appear to be very positive for gold.
-The inflation data came in lower than expected but higher than the previous one, so I consulted this situation with #ChatGPT.
(ABD Consumer Price Index was announced as 2.4% )TÜFE( (Yıllık) (May). Forecast: 2.5%, Previous: 2.3%
In terms of the DXY, from a graphical perspective, it should not close below the gray box it is currently in on a monthly basis; otherwise, it could visit lower supports, which means that the dollar would be severely crushed against other pairs.