Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements.
The Fed won't miss these releases!
Information is not investment advice
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
US CPI
February 14, 15:30 GMT+2
The United States Bureau of Labor Statistics will publish the monthly CPI on February 14, 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers. It’s one of the most critical readings showing overall economic health.
Even though NFP releases tend to have more influence, inflation numbers show the Fed whether its policy is working and whether the disinflation process is going correctly. The last time CPI came out as expected, boosting EURUSD by 1000 points.
- If the actual numbers are above the forecast, the USD may rise.
- Otherwise, the USD will fall.
US Retail Sales
February 15, 15:30 GMT+2
The US Census Bureau will release the Retail Sales and Core Retail Sales data on February 15, 15:30 GMT+2. It’s the change in the total sales value at the retail level (excluding automobiles for the Core release). Markets estimate overall economic activity based on this data.
Although the CPI reading will likely outplay the release, traders should be aware of Retail Sales reading. The last time it was lower than expected and caused a 2400-point decline in XAUUSD.
- If the release surpasses expectations, the XAUUSD may rise.
- Otherwise, the XAUUSD will plunge.
US PPI
February 16, 15:30 GMT+2
The US Bureau of Labor Statistics will release the monthly PPI on February 16, 15:30 GMT+2. It’s a change in the price of finished goods and services sold by producers. In a nutshell, the PPI reading is another inflation measure from the producers’ side. Usually, an increase in prices starts here and then transfers to consumers.
US PPI may create extra volatility and push the most popular pairs, like EURUSD, GBPUSD, XAUUSD, and USDJPY, in both directions.
- If the actual numbers are above the forecast, the USD may rise.
- Otherwise, the USD will fall.
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