The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Will USD Reverse After CPI?
The US CPI will come out on Tuesday, April 12, at 15:30 MT (GMT+3).
Consumer prices account for most of the overall inflation. Inflation is important to the currency valuation because rising prices lead to higher interest rates.
Last time, the result met the expectations, and the US dollar index increased by 1.25% within two days.
How to trade on US CPI?
- If the US CPI is greater than forecasted, the USD will likely strengthen against other currencies.
- If the US CPI is lower than forecasted, the USD will likely weaken against other currencies.
Instruments to trade: EURUSD, USDCAD, GBPUSD.
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
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.
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
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.