
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on April 29, 15:30 GMT+3. PCE Index is quite similar to Consumer Price Index (CPI). The only difference between them is that CPI excludes foods and energy. Food and energy can take up to 25% of PCE, but they are highly seasonal. Without these volatile components, investors consider PCE a more accurate inflation indicator.
Traders keep a close watch on it because of the rumors that this is Fed's favorite inflation measure. Nevertheless, CPI is released about ten days earlier and tends to garner the most attention. Last month, a higher-than-planned result caused an above-average bearish movement. This time volatility may be the same (or higher) as the inflation in the US is at 40-years high.
The results will have an impact on all USD pairs.
Check the economic calendar
Instruments to trade: USDJPY, USDCAD, EURUSD.
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.
The week will have the biggest event in the US political process over the last two years. How will the elections affect the Forex market? We covered the most important news of this week in this report.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
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