How Energy Crisis Affects German PMI August 23, 2022, 10:30 GMT+3 Germany will publish Flash Manufacturing PMI data on Tuesday, August 23, at 10:30 MT time (GMT+3)…
How Will USD React To The US PPI?
What will happen?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
The Producer Price Index (PPI) measures the average change over time in the selling prices received by domestic producers for their output. The prices included in the PPI are from the first commercial transaction for many products and some services.
Last time the index was above the expectations. However, EURUSD gained 650 points within four hours. If you traded one lot, you could have earned $650.
How to trade on the US PPI?
- If the US PPI is greater than forecast, the USD will likely strengthen against other currencies.
- If the US PPI is lower than forecast, the USD will likely weaken against other currencies.
Instruments to trade: EURUSD, USDCAD, GBPUSD.
Open the EURUSD chart and follow the event at 15:30 MT time!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
Every week we expect many interesting events that can shake the market.