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.
Weekly Update on Employment: Focus on the USD
Information is not investment advice
What will happen?
The United States will release the weekly Unemployment Claims on Thursday, at 15:30 MT time (GMT+3). This indicator shows the number of individuals who filed for unemployment insurance for the first time during the previous week. This release provides the freshest insight into the situation in the US labor market. Based on its change, traders may suggest the level of the next non-farm payrolls.
How to trade on the US Unemployment Claims?
Traders need to focus on the data in the economic calendar. After the figures are published, they need to compare them with analysts’ consensus.
- If the unemployment claims are lower than the forecasts, the USD will be pushed up;
- If the unemployment claims are higher than expected, the US dollar will be pressed.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY
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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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