Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
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.
Similar
Three Currencies to Watch This Week
We prepared an outlook of major events of this week. Check it and be ready!
The Fed won't miss these releases!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
Latest news
NFP, Oil, and US Stocks Highlight This Week
Welcome to the first week of October! As usual, at the start of the week, we are looking for valuable insights that will bring us profits in trading. Let’s observe the main events.
The US Dollar Is Correcting
Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?
Bearish Signal For The USD
XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!
