What to Expect From This Week

What to Expect From This Week

Inflation expectations, CPI, and PPI, will move the market this week. Here's what you need to know.

New Zealand Inflation Expectations

August 9, 06:00 GMT+3

The Reserve Bank of New Zealand will release its quarterly Inflation Expectations data on Wednesday at 06:00 GMT+3. This is the percentage that business managers expect the CPI to change annually during the next two years.

Expectations of future inflation can manifest into real inflation, primarily because workers tend to push for higher wages when they believe prices will rise. There is no forecast for the reading, and the actual data tends to impact the NZD significantly. The last reading showed decreased expectations, pushing the NZDUSD pair 1050 points down during the day.

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  • If the expectations decrease, the NZD will fall.
  • Otherwise, the NZD may rise.

Instruments to trade: NZDUSD, NZDJPY, EURNZD

US CPI

August 10, 15:30 GMT+3

The US Bureau of Labor Statistics will release the monthly and annual Consumer Price Index (CPI) on Thursday at 15:30 GMT+3. This is the change in the price of goods and services consumers purchase.

This reading is the most important gauge of price change, and the US Fed watches closely after these numbers. Reading below the expectations will mean the US is successfully fighting inflation. Therefore, the rate hiking cycle may end. The last reading showed a faster-than-expected decrease, pushing the USD down and EURUSD up 1270 points.

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  • If the release is below expectations, the USD will fall.
  • Otherwise, the USD may go up.

Instruments to trade: XAUUSD, EURUSD, USDJPY.

US PPI

August 11, 15:30 GMT+3

The US Bureau of Labor Statistics will release the monthly Producer Price Index (PPI) numbers on Friday at 15:30 GMT+3. This reading shows the change in the price of finished goods and services sold by producers.

With the CPI reading, PPI indicates the inflation change, and the US Fed considers it one of the most critical readings. Usually, a higher PPI leads to a higher CPI. The last reading came below expectations, pushing the USD even lower. The EURUSD pair soared 815 points.

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  • If the release is below expectations, the USD will fall.
  • Otherwise, the USD may go up.

Instruments to trade: XAUUSD, EURUSD, USDJPY.

Happy trading!

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