Forex, oil, gold, and stocks on April 4-8
Last week, there were sharp swings in USDJPY, a decline in oil prices, and a surge in Tesla stock. What's next?
Wait for the inflation data for the US
The USA will release the levels of CPI and core CPI on August 13, at 15:30 MT time.
Consumer prices represent the change in the price of goods and services purchased by consumers. They are an important part of overall inflation. Central banks rely on this data while making decisions concerning their interest rates. Last time, the headline CPI advanced by 0.1%. The core CPI, which excludes the prices for food and energy, rose by 0.3%.
• If the actual figures are higher than the forecasts, the USD will rise;
• If the actual figures are lower than the forecasts, the USD will fall.
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Latest news
How Will US PMIs Affect the USD?
The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.
Will Fed Chair Powell Move the USD?
The Fed Chair Jerome Powell will testify on the Semi-Annual Monetary Policy Report before the House Financial Services Committee on June 22-23 at 17:00 GMT+3.
What Can Happen to the CAD after the Retail Data?
Canada will publish Retail Sales and Core Retail Sales on June 21 at 15:30 GMT+3.
