Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Important releases for the USD
Information is not investment advice
The United States will publish its PPI and core PPI on December 11, at 15:30 MT time.
Instruments to trade: EUR/USD, USD/JPY, GBP/USD
Producer Price Index (PPI) is an indicator of inflation. In general, we follow the change in the price of finished goods and services by producers. Bigger charges by producers lead to higher costs for consumers. Therefore, inflation rises. Last time, US PPI advanced by 0.3% (vs. the forecast of +0.2%). As for its core level, which excludes food and energy prices due to their disturbing impact, it increased by a lower-than-expected 0.1%. The USD had limited reaction because of more global events affecting it. However, if the data surprises, we may see the short-term upside momentum this time.
- If the indicators are higher than the forecasts, the USD will go up;
- If the indicators are lower than the forecasts, the USD will go down.
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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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