US jobless claims are coming out
The USA will publish unemployment claims on October 22 at 15:30 MT time. How to trade after the release?
Is the American economy cooling down?
US Core CPI will be released this Friday at 15:30 MT time.
Instruments to trade: EUR/USD, USD/JPY, USD/CAD, GBP/USD
The US Core Consumer Price Index has been increasing at a steady 2.3% rate since October, with the only exception of 2.4% in February. On Friday, March inflation will be announced. The consensus for the upcoming figure is 2.3%. In general, the market will be happy if the inflation stays roughly where it is now – that would mean that no significant slump in consumer spending took place. Taking into account the troublesome state of the US economy, that would be the best scenario. If inflation turns out to be lower, that would mean that people spend less, demand less, hence the sellers will have to lower prices. Therefore, the overall economic activity would slow down its pace in this case. Given the fears of recession or even depression, a 2.3% growth of Core CPI in March would probably be the best possible news.
- If inflation is lower than expected, the USD will lose value.
- Otherwise, the USD will gain power.
Similar
CAD is in focus
Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
Start the week with fresh analytics!
The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
Latest news
Final debate and stimulus talks are in focus
Three main drivers of the market: the stimulus package, the US presidential election and the coronavirus. Let's look how market reacts.
GOOGLE: in the crosshairs
The US Department of Justice thinks 87% a market share is too much for Google alone. The market thinks it's ok.
All attention to Euro
EU Flash Manufacturing & Services PMI will come out on Friday at 11:00 MT time!
Deposit with your local payment systems
