The United States will publish a monthly Inflation Rate and Core Inflation Rate on May 12, at 15:30 MT time. The Inflation rate measures the change in the price of goods and services. The core indicator is different as it does not include food and energy prices. The Federal Reserve pays particular attention to these indicators because a rise in inflation pushes the regulator towards monetary policy tightening. As a result, the US dollar goes higher.
Nothing can be easier! Pay attention to the forecasts in the economic calendar and trade in the right direction right after the release.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
Lagarde says difficult times have come, and the ECB raised the rate not to cause a recession but to stabilize prices. Read the report to learn the freshest news of the day!
US stock markets started falling, while the US dollar is rising. What to expect from
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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