The Bank of England will publish a monetary policy summary on Thursday, June 16, at 14:00 MT time (GMT+3).
The US Inflation Is in Focus Again
Information is not investment advice
What will happen?
The United States will publish Core PCE Price Index on Thursday at 15:30 GMT+2. This is the change in the price of goods and services purchased by consumers, excluding food and energy. Its main difference from CPI is that it only measures goods and services targeted towards and consumed by individuals.
Why is it important?
As the market awaits the beginning of tapering and hawkish steps by the Federal Reserve, traders will be looking for final inflation releases of the year. Last time, this indicator came out in line with the forecast of 0.4%. Will it outperform the expectations this time?
How to trade on the Core PCE Price Index?
To trade on this release, you need to check the figures in the economic calendar and compare them with the forecast.
- If the actual figures are bigger than the forecast, the USD will go up;
- On contrary, lower-than-expected figures will pull the USD down.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY
The Federal Reserve will make a statement regarding the future monetary policy on Wednesday, June 15, at 21:00 MT time (GMT+3).
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).
The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.
The Fed Chair Jerome Powell will testify on the Semi-Annual Monetary Policy Report before the House Financial Services Committee on June 22-23 at 17:00 GMT+3.