How Energy Crisis Affects German PMI August 23, 2022, 10:30 GMT+3 Germany will publish Flash Manufacturing PMI data on Tuesday, August 23, at 10:30 MT time (GMT+3)…
US PCE Price Index is going out
What will happen?
US PCE Price Index will be out on Friday at 15:30 MT. This indicator is similar to the US inflation data. The only difference is that it only measures goods and services targeted towards and consumed by individuals. There is one rumor among traders. They say PCE Price Index is the Federal Reserve's favorite inflation measure. Since the Fed’s policy actions and US inflation are the hottest topics among investors these days, this indicator may attract more attention than usual.
How to trade on PCE Price Index?
The indicator will have an impact on pairs containing the USD, which is the majority of the currency pairs in the entire Forex market.
- If it is better than expected, the USD will strengthen.
- Alternatively, the USD will weaken.
Instruments to trade: EUR/USD, AUD/USD, USD/JPY
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.