Wall Street’s Technical Rebound of 2% Vs. High inflation remains above 8% YoY. The soaring of rental housing and food costs kept the inflation high, or the pace US CPI Headline on Sept. was 0.4% MoM (Aug. 0.1% MoM) and 8.2% YoY (Aug. 8.3% YoY), reinforcing expectation of the fourth hike on FFR 75 Bps in November, according to CME FedWatch. As for the DXY, which had weakened by 1% daily, made the DJIA closing was up 2.8% or led Wall Street’s Technical Rebound. Furthermore, with the PPI and CPI data that remain at high levels, it is likely to make the US PCE Core Deflator Sept. surpass the.
The delayed carbon tax and the weakened dollar index, became a positive catalyst for the weekend. NHKSI Research anticipates a technical rebound, limited downside, with a range of Support: 6,870 / 6,840 / 6,750 and Resistance: 6,926 / 7,000 / 7,040 / 7,140 / 7,200-7,225. The government stated that carbon trading, including a new carbon tax, will be implemented in 2025, or after being postponed twice, while also giving Indonesia time to make an energy transition. Moreover, the dollar index which had weakened close to the level of 112 yesterday, or after increasing for six consecutive days, become a positive sentiment for the JCI today.
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