Big Event for USD: Retail Sales
The US will publish the Retail Sales on January 14, Friday, at 15:30 GMT+2.
What to expect from monthly Core PCE Index?
What to expect from monthly Core PCE Index?
Personal Consumption Expenditures (PCE) Index is the same as Consumer Price Index (CPI). The only difference between them is that CPI excludes foods and energy.
What will happen?
Personal Consumption Expenditures (PCE) Index is the same as 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 PCE is considered as more accurate indicator of inflation.
Why is it important?
Traders keep a close watch on it because of the rumors, that this is Fed’s favorite inflation measure. Nevertheless, CPI is released about 10 days earlier and tends to garner most of the attention. A couple months ago, higher-than-planned results caused several big movements.
How to trade PCE Price Index?
The results will have an impact on all USD pairs.
If it turns out to be higher-than-expected, the USD will rise.
- Otherwise, USD will fall.
Check the economic calendar
Instruments to trade: USD/JPY, USD/CAD, USD/CHF.
Similar
US Producer Price Index Will Impact USD
The US will reveal the Producer Price Index (PPI) on January 13, Thursday, at 15:30 GMT+2.
Will CPI Boost the US Dollar Again?
The Consumer Price Index will be out at 15:30 MT (GMT+2) on Wednesday, January 12.
Latest news
US unemployment data and the USD
The United States will publish the Initial Jobless Claims on Thursday, December 30, at 15:30 GMT+2 (MetaTrader time).
First NFP in 2022 Can Rock the Markets
The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
An index that will rock USD
The United States will publish the ISM Non-Manufacturing PMI on Thursday, January 6, at 17:00 GMT+2 (MetaTrader time).
