The Bank of England will publish a monetary policy summary on Thursday, June 16, at 14:00 MT time (GMT+3).
Will USD Reverse After CPI?
Information is not investment advice
The US CPI will come out on Tuesday, April 12, at 15:30 MT (GMT+3).
Consumer prices account for most of the overall inflation. Inflation is important to the currency valuation because rising prices lead to higher interest rates.
Last time, the result met the expectations, and the US dollar index increased by 1.25% within two days.
How to trade on US CPI?
- If the US CPI is greater than forecasted, the USD will likely strengthen against other currencies.
- If the US CPI is lower than forecasted, the USD will likely weaken against other currencies.
Instruments to trade: EURUSD, USDCAD, GBPUSD.
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.