That day has come, guys! The Fed will hold a meeting at 21:00 GMT+3. It can be a highly impactful event. The markets expect the bank to hint about the timing of tapering.
Check American economic calendar
The US will release producer inflation figures at 15:30 MT time on September 12. PPI is an important indicator that measures the average change in selling prices received by domestic producers of goods and services over time. In July, this index was flat from a month earlier. Core PPI, which excludes the volatile food and energy categories, was up 0.1% in July from the prior month.
Traders always track the dynamics of the US PPI and use its release as an opportunity to trade on the news.
• If PPI growth is higher than expected, the USD will rise.
• If PPI growth is lower than expected, the USD will fall.
A selloff in stocks stopped. S&P 500 has reversed up from the 100-day moving average. It should be the perfect time to buy the index.
The FOMC, a committee within the Federal Reserve, will hold an important meeting and press conference on September 22 at 21:00 MT time (GMT+3).
Although Jerome Powell’s speech sounded hawkish on Wednesday, September 22, markets did not get scared and the main stock indices got bought back…
Turkey’s central bank governor was at a crossroads: to hold interest rates and take a risk to be fired like it was for three governors before him, or to comply with the president, to cut rates, and to risk the market. Let’s find out, how to react to the rate cut.
The Fed can start tapering already this November, oil is rallying pushing the Canadian dollar up! Jump in to know more!