Market updates on October 17
The European Brexit Summit will gather the main attention today...
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.
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Market updates on October 15
The GBP is going to be volatile today, while USD/TRY may be looking for a retest of its highs. Read more!
Bullish optimism in the market continues
Did you expect your trading day to be as bullish as today?
Latest news
Will the situation change for the British pound?
The reports that the UK and the EU reached a deal pushed the GBP up immediately.
Market updates on October 17
The European Brexit Summit will gather the main attention today...
The aussie may move on a jobs data
Australia will publish the level of employment change and the unemployment rate at 3:30 MT on October 17.
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