Don’t waste your time – keep track of how NFP affects the US dollar!
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Personal areaThe United States will publish a headline and core inflation rate on July 13, at 15:30 MT time. These two indicators show the change in the price of goods and services purchased by consumers last month. The core type excludes volatile prices for food and fuel. Last time, the release greatly outperformed the forecast with 0.7% (vs. 0.5% expected). Given the fact that the inflation rate is moving higher than the Fed’s target of 2%, the release will attract the attention of traders.
If you want to trade on the inflation data, follow the economic calendar, compare the release with the forecasts and place an order afterward.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY
