Canada will announce its monthly GDP on July 31, at 15:30 MT time.
The US inflation: getting worse?
Information is not investment advice
The US CPI and core CPI are due at 15:30 MT time on May 12.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY, USD/CAD
The consumer price index (CPI) measures the majority of overall inflation. It demonstrates the change in the value of goods and services purchased by customers over a certain period. The core level does not take into account food and energy prices due to their volatility. It is not a secret that the inflation is falling right now amid the lockdown in the American cities. We have already seen a decline in CPI indicators in March. Both measures fell lower than analysts predicted: headline indicator was down by 0.4% (vs. -0.3% expected) and core figures shrugged off experts’ anticipation of a rise of 0.1% with -0.1% reported. With the situation not getting any better, we may expect even lower figures on May 12. Will we see a surprise?
• If the indicators are higher than the forecasts, the USD will rise;
• If the indicators are lower than the forecasts, the USD will fall.
The US unemployment claims are announced on Thursday at 15:30 MT time.
The Australian Monetary Policy Meeting Minutes are announced on Tuesday at 04:30 MT time.
The RBA will make a rate statement on August 4 at 7:30 MT time.
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