
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
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.
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.
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.
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.
The week will have the biggest event in the US political process over the last two years. How will the elections affect the Forex market? We covered the most important news of this week in this report.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
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