The US Inflation Is in Focus Again

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.

Check the economic calendar

Instruments to trade: EUR/USD, GBP/USD, USD/JPY

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Latest news

What Are FOMC Insights?
What Are FOMC Insights?

The Federal Open Market Committee, a committee within the Federal Reserve, will reveal a detailed record of the central bank’s last meeting on July 6 at 21:00 MT.

Will Australian Cash Rate Change?
Will Australian Cash Rate Change?

The Reserve Bank of Australia will announce its cash rate and make a statement about future rate policy on Tuesday, July 5, at 07:30 MT.

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Don’t waste your time – keep track of how NFP affects the US dollar and profit!

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