Don’t waste your time – keep track of how NFP affects the US dollar!
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The United States will publish the producer price index (PPI) on February 15, at 15:30 MT time. PPI is a price index that measures domestic producers' average changes in prices for their output. Alongside the consumer price index (CPI), PPI tracks country's inflation situation.
The rising inflation in the United States worries all market participants. While the consumer price index inched to 7% in the last month of 2021 (the highest level since 1982), producer prices jumped by 0.2%.
The market expected an increase of 0.4%, that's why the USD weakened, but only in the short term.
It’s easy! Just compare the actual data with the forecasts which appear a few days before the report in the economic calendar.
If the figures are higher than the forecasts, the USD will rise.
Otherwise – fall.
Instruments to trade: EUR/USD, USD/JPY, GBP/USD
The United States will publish the Advance GDP on January 27, at 15:30 GMT+2.
The Federal Open Market Committee (the part of the Federal Reserve) will make a statement on January 26, at 21:00 GMT+2.
Australia will publish its Inflation Rate on January 25, at 02:30 MT time.
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).
The Federal Reserve will release its statement and announce its interest rate decision at 21:00 MT time. Then, at 21:30 MT time, the central bank will hold a press conference.
Australia will release employment change and the unemployment rate on Thursday, at 02:30 MT time.
The Federal Open Market Committee (the part of the Federal Reserve) will publish its Meeting Minutes on February 16, at 21:00 MT time.
The United States will publish the producer price index (PPI) on February 15, at 15:30 MT time.
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The volatility that the markets experienced last week promises the second tidal wave! What should your favorite assets anticipate during the first week of February?