Several largest American companies will publish their financial results this week. BTCUSD and XAUUSD are skyrocketing. What's going on in the markets?
The US Inflation Is in Focus Again
What will happen?
The United States will publish Core PCE Price Index on Thursday at 15:30 GMT+2. This is the change in the price of goods and services purchased by consumers, excluding food and energy. Its main difference from CPI is that it only measures goods and services targeted towards and consumed by individuals.
Why is it important?
As the market awaits the beginning of tapering and hawkish steps by the Federal Reserve, traders will be looking for final inflation releases of the year. Last time, this indicator came out in line with the forecast of 0.4%. Will it outperform the expectations this time?
How to trade on the Core PCE Price Index?
To trade on this release, you need to check the figures in the economic calendar and compare them with the forecast.
- If the actual figures are bigger than the forecast, the USD will go up;
- On contrary, lower-than-expected figures will pull the USD down.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY
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