Disliked{quote} Of course there isn't much integrity in the data, BUT it will at least reflect some baseline info from the PPI data yesterday and it would be glaringly obvious to all and sundry if there was a sizeable divergence, and therefore be a bureaucratic statisticians embarrassment and difficult for the Fed to defend with any credibility. And btw, I don't think, given the size of this FX market, that any of the big players give a rats about what we retail traders think or are doing. We are way too insignificant on the grander scale of things, like...Ignored
Appreciate your view.
While it's true that data integrity can sometimes be questionable, there's still value in analyzing it alongside other economic indicators like the PPI data you mentioned.
And you make a valid point about the relative insignificance of retail traders in the larger FX market.
It's essential to recognize where we stand in the grand scheme of things.
Thanks for sharing the article link—it looks like an interesting read.
As for trading, focusing on indices and oil sounds like a prudent strategy, especially given the uncertainty surrounding currency markets before the CPI data is released.
Let's see how things unfold and adjust our approach accordingly.
Best Wishes and trade safe on CPI Data
I come from the future.
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