The Bank of Canada will publish a rate statement and an update on the interest rate on September 9, at 17:00 MT time.
Keep an eye on US inflation data
Information is not investment advice
The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Instruments to trade: EUR/USD, USD/JPY, GBP/USD
The consumer price index represents the change in the price of goods and services purchased by consumers. We pay attention to this indicator, as the consumer prices account for a majority of overall inflation. Based on the level of CPI, the central bank decides about further monetary policy actions. There are two forms of CPI: headline and core. The difference between them is simple: the core indicator excludes food and energy prices due to their volatility. Last time, both indicators advanced by 0.6%. As a result, the US dollar strengthened in the short term. Will the reaction of the greenback be more significant?
- 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.
The US dollar has started the week on the positive footing, while riskier assets are dipping down. Let’s discuss last market movements in more details.
The report will be out on August 25 at 17:00 MT time!
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
The market sentiment remains risk-off amid rising virus cases around the world and fears over new restrictions and lockdowns.