CPI for July: to be announced, expected to rise 8.7% VS 9.1% in June, year-over-year.
PPI for July: to be announced, expected to rise 10.4%VS 11.3% in June, year-over-year.
These U.S. indicators for July are especially important after the July nonfarm payrolls report reinforced expectations for a rate hike. This week's CPI update could offer clues as to whether inflation has peaked.
But what is CPI & PPI？
The Consumer Price Index (CPI),...

yay

When price cuts from below the moving average to above it, it implies a bullish trend. When price crosses from above the moving average to below it, it suggests a bearish trend. So I will start paying attention to when the price crosses up or down. I just googled and read a plethora of articles. I've learned alot