How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
What is the world up to? Friday News
The world is in anticipation of news that could critically affect currency pairs and commodities.
Stocks fell on Friday, along with futures for European and US stocks, while safe-haven assets, including sovereign bonds, rose as investors reacted to the attack by Russian troops on a major nuclear power plant in Ukraine.
The Asian stock index fell to its lowest level since 2020 under pressure from Japan and Hong Kong. Nikkei225 fell 2.23%. The resistance is 27000 and the support is 25770.
The growth of XAUUSD slowed down, while EURUSD declined and approached 1.1000. XBRUSD was around $110 a barrel, reducing the jump by as much as 4.8%.
Chairman Jerome Powell confirmed on Thursday that the Federal Reserve intends to launch a series of interest rate hikes to curb inflation, while indicating that it will act prudently and keep a close eye on inflation risks.
Traders are also evaluating the outlook for monetary policy and expecting a solid reading of the American key employment indicator.
Don’t miss: 15:30 MT USD NFP and Unemployment rate!
Happy Trading Day!
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Will CPI push USD higher?
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
Will oil change the trend after OPEC meetings?
Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
Latest news
What Will Bring the Core PCE Price Index Release?
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The Big Release for the USD
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
Will New Zealand’s Central Bank Boost the NZD?
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
