Great Britain will publish the Inflation Rate on October 20, at 09:00 MT time (GMT+3).
The US inflation: getting worse?
The US CPI and core CPI are due at 15:30 MT time on May 12.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY, USD/CAD
The consumer price index (CPI) measures the majority of overall inflation. It demonstrates the change in the value of goods and services purchased by customers over a certain period. The core level does not take into account food and energy prices due to their volatility. It is not a secret that the inflation is falling right now amid the lockdown in the American cities. We have already seen a decline in CPI indicators in March. Both measures fell lower than analysts predicted: headline indicator was down by 0.4% (vs. -0.3% expected) and core figures shrugged off experts’ anticipation of a rise of 0.1% with -0.1% reported. With the situation not getting any better, we may expect even lower figures on May 12. Will we see a surprise?
• If the indicators are higher than the forecasts, the USD will rise;
• If the indicators are lower than the forecasts, the USD will fall.
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).