The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
How Will US PPI Affect USD?
What will happen?
The US PPI will come out on Tuesday, June 14, at 15:30 MT time (GMT+3).
It's a leading indicator of consumer inflation as producers' expenses are usually passed on to the consumer. If results are lower than expected, it might mean that the inflation growth slows down and the Fed conducts a more dovish monetary policy.
Last time, the actual data met the expectations. However, numbers decreased in comparison with the previous month. As a result, EURUSD reversed and gained more than 300 points. If you traded one lot, you could have earned $1070.
How to trade on US PPI?
- If the US PPI is greater than forecasted, the USD will likely strengthen against other currencies.
- If the US PPI is lower than forecasted, the USD will likely weaken against other currencies.
Check the Economic Calendar.
Instruments to trade: EURUSD, USDCAD, GBPUSD.
Welcome to the first week of October! As usual, at the start of the week, we are looking for valuable insights that will bring us profits in trading. Let’s observe the main events.
Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?
XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!