Australia, Canada, and EU Attempt to Steal the Fed Monetary Policy
Fed Chair Jerome Powell’s comments on the Jackson Hole Symposium resulted in the worst weekly candle in US500 since June.
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.
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What to Trade on August 29 - September 2?
Last week several important economic updates influenced the Forex market. US preliminary GDP fell less than expected (0.6% actual vs. 0.7% forecast). Below you will find the key events to trade on during the week from August 29 to September 2.
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.
Latest news
Post-Fed Releases for USD & CAD Traders
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
FED and BOE Make Another Attempt to Beat Inflation
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
Will the UK and US Cope with Inflation?
Every week we expect many interesting events that can shake the market.
