US producer inflation up next - Forex News by FX Leaders

US producer inflation up next

Posted Thursday, July 14, 2016 by
Skerdian Meta • 1 min read

In about an hour we´ll get to see the US producer price inflation (PPI) numbers. Last month the PPI jumped from 0.2% to 0.4% while the core PPI jumped from 0.1% to 0.3%, both beating the expectations by 0.1%. The pick up in the oil prices has helped as well, but this month the oil prices have been stable, so we´ll see if the jump in the producer inflation is stable.

Besides the inflation numbers, the unemployment claims figures we´ll be released as well. The employment sector has been steady apart from the employment data released in June which was a fluke, because the data released in July put this sector back on trend.

Last month the unemployment claims came out in the 250k region and today it is expected at 263k which is a good number, so if these numbers together with inflation came out as expected or better then we expect to see some USD demand.

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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