The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
Can PPI influence USD in March?
What will happen?
The Bureau of Labor Statistics will release the Producer Price Index (PPI) on March 15, at 14:30 MT time. PPI is usually published monthly, about 13 days after the end of the previous month. This index shows changes in the price of finished goods and services sold by producers. PPI is one of the basic indicators of inflation: when producers charge more for goods and services, the higher costs are usually passed on to the consumer.
Possible USD moves
The rising inflation in the US, which is now at 7.5%, is still a hot question for traders.
Over the last year, the PPI growth was relatively high, even though in January 2022 the result was only 0.2%. In February 2022, the release was at 1.0%, greater than the expected 0.5%. That last release provoked a short-time jump of USD by 250 points. Then USD went down with no crucial leaps.
How to trade on the American PPI Release?
If the actual rate is greater than “Forecast”, it is better for the currency.
Any important US release, especially the PPI, can cause market fluctuations. Even if the release doesn’t bring any surprises, it can cause swings in USD. As a result, the market can bring exciting opportunities.
Check the Economic Calendar
Instruments to trade: EURUSD, USDCAD, USDCHF, GBPUSD.
The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on May 6, at 15:30 MT time.
The Bank of England will publish its Monetary Policy Report and Summary, Official Bank Rate, and its votes on May 5 at 14:00 MT.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.