How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Friday News: The End of the Week
This week brought many events and fluctuations; however, it seems like ahead of the weekend many assets and currencies are stable and so far, nothing bodes bad.
US crude oil prices rose above $100 a barrel for the first time in four sessions amid mixed signals from peace talks between Russia and Ukraine.
The S&P 500 and Nasdaq rose 1.2% and 1.3%.
The euro remained flat at $1.1093 and gained 1.7% on the week.
The Australian dollar, which received an additional boost from Thursday's stellar employment data, hit a nearly two-week high of $0.74000.
The Bank of England also raised interest rates on Thursday, as expected, but turned dovish in its outlook amid worries that soaring commodities will hurt growth and demand. GBP briefly fell as traders turned less sure about future hikes.
Shares of GameStop (GME) - last year's favorite among investors - tumbled late after the retailer suffered a bigger-than-expected loss in the fourth quarter.
FedEx (FDX) shares also fell after the shipping giant released its quarterly earnings report on Thursday afternoon. This reflected lower-than-expected earnings as rising labor and shipping costs more than offset FedEx's higher prices for customers.
Have a great trading Friday and a relaxing weekend!
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The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
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Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
Latest news
Will New Zealand’s Central Bank Boost the NZD?
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
