Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
How Will USD React To The US PPI?
Information is not investment advice
What will happen?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
The Producer Price Index (PPI) measures the average change over time in the selling prices received by domestic producers for their output. The prices included in the PPI are from the first commercial transaction for many products and some services.
Last time the index was above the expectations. However, EURUSD gained 650 points within four hours. If you traded one lot, you could have earned $650.
How to trade on the US PPI?
- If the US PPI is greater than forecast, the USD will likely strengthen against other currencies.
- If the US PPI is lower than forecast, the USD will likely weaken against other currencies.
Instruments to trade: EURUSD, USDCAD, GBPUSD.
Open the EURUSD chart and follow the event at 15:30 MT time!
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Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
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