Is Australia Ready for More Hikes?
The Reserve Bank of Australia (RBA) will release its interest rates and make a statement on August 2, 7:30 GMT+3.
The UK Inflation: Bad News for GBP Again?
What will happen?
The UK CPI, Consumer Price Index, will come out on Wednesday, July 20, at 09:00 MT time (GMT+3).
It's an important indicator for currency valuation because rising prices lead the central bank to raise interest rates. Since the UK inflation remains at a 40-year high, the report will cause significant volatility for the British pound.
Last time, the actual data met the expectations. However, inflation remained at a critical level. As a result, GBPUSD lost 630 points the next hour after the release. If you traded one lot, you could have earned $630.
How to trade on UK CPI?
- If the UK CPI exceeds the Forecast, the GBP will likely strengthen against other currencies.
- If the UK CPI is lower than the Forecast, the GBP will likely weaken against other currencies.
Check the Economic Calendar.
Instruments to trade: GBPUSD, GBPCAD, EURGBP.
Similar
Again? Will the Fed Increase the Rate?
The Federal Open Market Committee (FOMC) will update the Federal Funds Rate and make a statement about future monetary policy on July 27 at 21:00 MT.
Is AUD on Its Path to Strength?
The Australian Bureau of Statistics will announce the Consumer Price Index (CPI) on Wednesday, July 27, at 04:30 MT.
Latest news
USD Moves Weird Ahead of CPI
The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.
The NFP Release: One More Punch for USD?
The United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on August 5, 15:30 GMT+3.
The UK Speeds Up Tightening
The Bank of England (BoE) will share its Official Bank Rate and make a statement on monetary policy on August 4, 14:00 GMT+3.
