Great Britain will publish the Inflation Rate on October 20, at 09:00 MT time (GMT+3).
Keep an eye on US inflation data
The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Instruments to trade: EUR/USD, USD/JPY, GBP/USD
The consumer price index represents the change in the price of goods and services purchased by consumers. We pay attention to this indicator, as the consumer prices account for a majority of overall inflation. Based on the level of CPI, the central bank decides about further monetary policy actions. There are two forms of CPI: headline and core. The difference between them is simple: the core indicator excludes food and energy prices due to their volatility. Last time, both indicators advanced by 0.6%. As a result, the US dollar strengthened in the short term. Will the reaction of the greenback be more significant?
- If the indicators are higher than the forecasts, the USD will go up;
- If the indicators are lower than the forecasts, the USD will go down.
United States Institute for Supply Management (ISM) will release services Purchasing Managers' Index (PMI) on October 5, 17:00 GMT+3.
The United States will publish the ISM Manufacturing PMI on September 1, at 17:00 MT time (GMT+3).
Last week was full of surprises! Stock indices have shown significant growth…
The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong.
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).