Below are the various economic updates which seems slightly positive for base metals and dollar index.
USD: PPI m/m at 6:00 PM
Measures: Change in the price of finished goods and services sold by producers
Released monthly, about 13 days after the month ends
Next Release Date: July 14, 2022
Source changed series calculation formula as of Feb 2014
It’s a leading indicator of consumer inflation – when producers charge more for goods and services the higher costs are usually passed on to the consumer;
Forecast- [0.8%]
Previous- [0.5%]
Actual- ?
Impact- The forecast figure seems to be slightly positive for base metals and the dollar index. The actual figure to release at 6:00 PM.
USD: Core PPI m/m at 6:00 PM
Measures: Change in the price of finished goods and services sold by producers, excluding food and energy
Released monthly, about 13 days after the month ends
Next Release Date: July 14, 2022
Source changed series calculation formula as of Feb 2014. Food and energy prices make up about 40% of overall PPI which tends to mute the importance of the Core data
Forecast- [0.6%]
Previous- [0.4%]
Actual- ?
Impact- The forecast figure seems to be slightly positive for base metals and the dollar index. The actual figure to release at 6:00 PM
For more day to day economic updates, stay tuned with us…!!