How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
In April British headline inflation is expected to pick up to 2.8% y/y in April
Financial experts at TDS are actually expecting the UK’s headline inflation to edge up to 2.8% y/y in April. The given outcome happens to be 0.1ppts ahead of the BoE forecast from the May IR, and also 0.2ppts higher than consensus at 2.6%.
Market analysts put a lot of value on some further strength in core inflation, following Easter effects. Aside from that, they consider higher gas as well as electricity prices just to cancel out any relieve from lower fuel prices. Moreover, they’ll closely monitoring the details in order to find out if inflation keeps being powered by exchange rate pass-through or to spot any evident signs of domestic inflation pressures brewing.
As for the Eurozone, financial experts are looking for above-consensus results from Germany’s ZEW poll today. They’re particularly interested in the current assessment component. Besides this, they’re waiting for data from the ECB’s Nowotny.
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Will CPI push USD higher?
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
Will oil change the trend after OPEC meetings?
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
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.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
