The most impactful releases of this week will fill the market with volatility and sharp movements.
What Awaits USD amid Skyrocketing Inflation?
Information is not investment advice
What will happen?
The United States will publish the producer price index (PPI) on February 15, at 15:30 MT time. PPI is a price index that measures domestic producers' average changes in prices for their output. Alongside the consumer price index (CPI), PPI tracks country's inflation situation.
Why is it important?
The rising inflation in the United States worries all market participants. While the consumer price index inched to 7% in the last month of 2021 (the highest level since 1982), producer prices jumped by 0.2%.
The market expected an increase of 0.4%, that's why the USD weakened, but only in the short term.
How to trade on the US PPI?
It’s easy! Just compare the actual data with the forecasts which appear a few days before the report in the economic calendar.
If the figures are higher than the forecasts, the USD will rise.
Otherwise – fall.
Instruments to trade: EUR/USD, USD/JPY, GBP/USD
Similar
We prepared an outlook of major events of this week. Check it and be ready!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
Popular
The most impactful releases of this week will fill the market with volatility and sharp movements.
Happy Tuesday, dear traders! Here’s what we follow:
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.