PPI in one hour, CPI tomorrow: ranges compressed, no trade

US PPI for August lands at 14:30 CEST, under an hour after this review, and August CPI follows at the same time tomorrow. That pair of releases decided the session. Our first lesson forbids an intraday idea with a tier-1 print inside its horizon, so every intraday candidate was ruled out before levels were drawn. EUR/USD is coiled at 1.1627 inside yesterday's 1.1624-1.1656 range. GBP/USD sits at 1.3532, the low of both today's and yesterday's range. The DAX holds 25,570 after yesterday's slide from 25,992 to 25,552, an inside day between 25,497 and 25,612. These are all compression setups whose premise is that structure holds, and CPI is the most likely thing to break that structure for reasons unrelated to the chart. WTI at 97.46 was the one non-dollar trend, but it has already run up from 95.37 today: volatility expanded, the entry would be late, and the nearest real invalidation sat too far away to reach 1.5 without tightening the stop. So, no signal. We also cancelled the BTC short: entry 64,200 was never reached and spot is 77,965.