Last week was not full of events, but we still saw decent moves in the charts of majors, S&P500, NASDAQ, oil, and crypto. The upcoming week will bring even more volatility to your favorite assets!
Inflation data may push the USD higher
The United States will publish the level of CPI and core CPI on June 12, at 15:30 MT time.
The consumer price index represents a huge part of the overall inflation. Its core level excludes the prices of food and energy due to their high volatility. Last time the actual figures of indicators disappointed the market. The headline CPI advanced only by 0.3% (vs. 0.4% expected) and the core CPI increased by 0.1% (vs. 0.2% expected). The releases weakened the USD. Let's see what happens to the greenback this time.
• Higher-than-expected figures of indicators will push the USD up;
• Lower-than-expected figures of indicators will pull the USD down.
The US will release the Philly Fed Manufacturing Index – the impactful event for the USD and thus for all the major pairs. It will be out on November 18 at 15:30 MT (GMT+2).
The United Kingdom will publish the Inflation Rate on November 17, at 09:00 MT (GMT+2). How will it impact the markets?
ISM Manufacturing PMI will be announced at 17:00 MT (GMT+2) on Wednesday, December 1.
The Eurozone will publish the Indicator of GfK Consumer Confidence on November 25, at 09:00 GMT+2.
The United States will publish the Federal Open Market Committee Meeting Minutes on November 24, at 21:00 GMT+2.