Pay attention to the important release for Canada
Canada will publish the level of core retail sales on June 21, at 15:30 MT.
US CPI will drive the USD
The US will release headline and core CPI at 15:30 MT time on October 11. CPI stands for Consumer Price Index. It’s one of the main measures of the US inflation. There’s a direct link between the US inflation and the price of the USD. The higher the inflation, the higher the USD in the short-term.The last time, American CPI rose less than expected (0.2% versus the forecast of 0.3%). The data release was on September 13. The USD declined versus many major currencies after the release.
• If the data is greater than the forecast, the USD will rise.
• If the data is weaker than the forecast, the USD will go down.
Similar
Preview into the FOMC meeting
Pay attention: the FOMC meeting is today at 21:00 MT time
Market updates on June 19
Your Wednesday's guide.
Latest news
British inflation tacks on for the first time this year
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Evergreen buck heads north
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
Gold sinks on soaring greenback
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…
Deposit with your local payment systems
