How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
The Fed: Time to Taper?
What will happen?
The Federal Open Market Committee (the part of the Federal Reserve) will make a statement on January 26, at 21:00 GMT+2. As usual, it will contain an update on the interest rate and provide insights on the monetary policy.
Why is it important?
Right now, the market expects the first rate hike as soon as April. The Federal Reserve and the Fed Chair Jerome Powell are on the way of finding a balance between surging inflation and shaky markets. As a result, any change in Fed’s comments will impact the USD, gold, and the stock market as well.
How to trade on the Fed Interest Rate Decision?
To trade on the event, you need to wait for the livestream on the official Fed’s website and follow the updates.
- If the Fed is hawkish, the US dollar will strengthen;
- If the Fed is dovish, the US dollar will weaken.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY
Similar
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 Will Bring the Core PCE Price Index Release?
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The Big Release for the USD
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
Will New Zealand’s Central Bank Boost the NZD?
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
