The United States will release the weekly Unemployment Claims on October 21, at 15:30 MT time (GMT+3).
US Inflation: Will It Skyrocket Further?
What will happen?
The United States will publish a headline and core inflation rate on July 13, at 15:30 MT time. These two indicators show the change in the price of goods and services purchased by consumers last month. The core type excludes volatile prices for food and fuel. Last time, the release greatly outperformed the forecast with 0.7% (vs. 0.5% expected). Given the fact that the inflation rate is moving higher than the Fed’s target of 2%, the release will attract the attention of traders.
How to trade on the US Headline and Core Inflation Rate?
If you want to trade on the inflation data, follow the economic calendar, compare the release with the forecasts and place an order afterward.
- If the actual figures are higher than the forecasts, the USD will rise;
- Alternatively, the USD will weaken.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY
The Fed is ready to start tapering in November. Since the markets were expecting this and it wasn’t a surprise, the USD slumped allowing risk-on currencies and gold to rally up.
US Retail Sales will be out on October 15 at 15:30 MetaTrader 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).