USD Moves Weird Ahead of CPI
The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.
The US inflation data is out!
Information is not investment advice
US Monthly PPI will be announced on Friday at 15:30 MT time.
Instruments to trade: EUR/USD, USD/CAD, USD/JPY, GBP/USD
In any market, the price is the reflection of demand. Producer Price Index is an aggregate indicator of prices of finished goods and services sold by producers in the US. 40% of the PPI is taken by the food and energy sector so there is also Core PPI which excludes those two sections of the market to present more balanced data. The last three times, both PPI and Core PPI were above the market expectations – that confirms that the US economy is recovering, even if it’s not as fast as the people would like it to happen. Therefore, if the coming figures will be higher than the forecast, the USD will rise on the optimism of economic recovery.
- If the data is better-than-thought, the USD will rise.
- Otherwise, it will fall.
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USD Moves Weird Ahead of CPI
The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.
The NFP Release: One More Punch for USD?
The United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on August 5, 15:30 GMT+3.
The UK Speeds Up Tightening
The Bank of England (BoE) will share its Official Bank Rate and make a statement on monetary policy on August 4, 14:00 GMT+3.
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