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  1. #521
    Master Member Bogdan G's Avatar
    Friday August 11 at 12:30 pm GMT the US CORE Consumer Price Index comes out, with a forecast change of 0.2% (previous 0.1%). This is the main gauge of inflation and the CORE version usually has a stronger impact because it excludes food an energy from calculation (those tend to be too volatile and to distort the overall reading).
    A higher than anticipated number usually strengthens the Dollar.
    Insanity: doing the same thing over and over again and expecting different results. Albert Einstein (attributed)

  2. #522
    Master Member Bogdan G's Avatar
    Inflation is a key mover for any currency and the Consumer Price Index (CPI) is the main gauge. This week the British CPI will be released Tuesday at 8:30 am GMT and anticipated to show a change of 2.7% (previous 2.6%). A higher CPI shows that people pay more for the goods and services they purchase (that's rising inflation); this usually strengthens the currency because high inflation will ultimately push the central bank (in this case the Bank Of England) to raise rates.
    Insanity: doing the same thing over and over again and expecting different results. Albert Einstein (attributed)

  3. #523
    Master Member Bogdan G's Avatar
    On the US Dollar side we have the FOMC Meeting Minutes, scheduled Wednesday Aug 16 at 6:00 pm GMT. The document contains details of the latest FOMC meeting and reasons that determined their interest rate vote, but can also contain hints about the future direction of monetary policy. Usually the impact is higher if traders see any hints that the Fed will hike the rates sooner rather than later. Either way, this release can trigger volatility, so be careful if trading at the time (or better yet, wait until things calm down).
    Insanity: doing the same thing over and over again and expecting different results. Albert Einstein (attributed)

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