The US PPI will come out on Thursday, May 12, at 15:30 MT time.
How will AUD React on Consumer Price index?
What will happen?
Australian Bureau of Statistics will announce Core PCE Price Index at 03:30 MT (GMT+3) on Wednesday, October 27.
Consumer prices account for most of the overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate. Although this data is extremely late relative to inflation data from other countries, it's the primary gauge of consumer prices and tends to create hefty market impacts.
Last time the result was better than the expectations, but AUD/USD declined right after the release and showed extreme volatility after.
How to trade on Consumer Price Index?
- If the Consumer Price Index is greater than forecast, the AUD is likely to strengthen against other currencies.
- If the Consumer Price Index is lower than forecast, the AUD is likely to weaken against other currencies.
Instruments to trade: AUD/USD, AUD/NZD, AUD/CAD.
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
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.
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
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.