fbpx

PU Prime App

Exclusive deals on mobile

  • Trading Knowledge  >  Trading Basics

10 May 2024,07:19

Trading Basics

Eye on the Horizon: Market Anticipate Inflation Data Ahead

10 May 2024, 07:19

Share on:
FacebookLinkedInTwitterShare
Share on:
FacebookLinkedInTwitterShare

Tuesday, 14th May 2024, 14:30 – US PPI (YoY) (Apr)

The Producer Price Index, which is an important gauge of wholesale-level inflation, increased by 2.1% over the 12 months leading up to March. This marks a rise from the 1.6% gain observed in February, representing its most substantial increase since April 2023. This indicates significant pressures within the supply chain that could contribute to sustained high levels of inflation. With the U.S. economy and inflation remaining strong, there’s an expectation in the market that these supply side pressures may continue to impact consumers in the months ahead.

Wednesday, 15th May 2024, 14:30 – US CPI (MoM) (Apr)

In March, consumer prices in the U.S. rose beyond expectations as consumer price index increases 0.4% in March, driven by higher costs for gasoline and rental housing. The consistent strong consumer price readings reported by the Labor Department for the third consecutive month imply that the earlier uptick in inflation during January and February cannot be solely attributed to businesses raising prices at the start of the year, as previously argued by economists. Therefore, the upcoming data release is anticipated to maintain the trend of relatively elevated inflation seen this year.

Wednesday, 15th May 2024, 14:30 – U.S Core Retail Sales (MoM) (Apr)

In March, U.S. retail sales surpassed expectations, with Core Retail Sales increasing by 1.1%, up from 0.6% in the previous month, fueled by a surge in online retail receipts. This reinforces the notion that the economy ended the first quarter on a solid footing. The robust retail sales figures prompted economists at Goldman Sachs to raise their first-quarter gross domestic product (GDP) growth estimate to a 3.1% annualized rate, up from a previous estimate of 2.5%. Despite higher inflation and borrowing costs, consumer spending remains resilient, suggesting that upcoming data is likely to continue reflecting strong economic activity.

Thursday, 16th May 2024, 03:30 – Australia Unemployment Rate (Apr)

Australia’s headline unemployment rate edged up slightly to 3.8% in March from 3.7% in the February, with a decrease in employment by 7,000 people and an increase in unemployment by 21,000 people. The data underscores the challenge posed by high inflation and cost-of-living pressures, which are creating difficult conditions for many businesses, impacting employment. There is an ongoing expectation that the labor market will continue to gradually ease in strength as the effects of higher interest rates persist in the economy.

엣지 있게 거래 시작하기

업계 최저 스프레드와 초고속 실행으로 FX, 지수, 귀금속 등을 거래하실 수 있습니다!

  • 당사의 스탠다드 계좌는 최소 $50달러로 거래를 시작할 수 있습니다.
  • 24시간 연중무휴 고객지원
  • 수백 개의 거래 도구, 무료 교육 도구 및 최고의 프로모션을 누릴 수 있습니다.
지금 가입하기

Latest Posts

쉽고 빠른 계좌 개설

실거래계좌개설
  • 1

    회원가입

    몇 가지 간단한 과정으로 PU Prime의 실거래 계좌를 개설하세요

  • 2

    자금예치

    다양한 입출금 수단과 수용되는 통화로 손 쉽게 계좌에 예치할 수 있습니다

  • 3

    거래시작

    업계 최고의 거래 환경과 조건에서 수백 개의 상품을 거래하세요