The US Bureau of Labor Statistics will release its Consumer Price Index and many other critical events that will move the market this week!
German Ifo Business Climate
What will happen?
Germany, the leading economy in the Euro Zone, will reveal one of the key economic indicators – German Ifo Business Climate on September 24 at 11:00 MT time. It is a survey of nearly 9,000 businesses that asks respondents to access the current business conditions and expectations for the next 6 months.
Why is it important?
Businesses adapt fast for the new market conditions, that’s why their current sentiment can signal changes in future economic activity such as spending, hiring, and investment. Last time, the indicator came out worse than expected and pressed down EUR/USD by 200 points. Pay attention to the support and resistance levels. For example, at that time the 200-hour moving average stopped the pair from further falling.
How to trade on German Ifo Business Climate?
- If the indicator is better than expected, the EUR can rise.
- Otherwise, fall.
Instruments to trade: EUR/USD, EUR/GBP, EUR/JPY.
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.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…