The New Zealand interest rate is announced on Wednesday at 03:00 MT time.
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.
S&P 500 takes a pause near the all-time high, while the US dollar remains at the lowest levels since 2018.
A lot of news came out that may impact the market. It’s surely not the time to rely only on technical analysis!
The European unemployment rate is announced on Wednesday at 12:00 MT time.