U.S. PPI & Core PPI Data

U.S. PPI & Core PPI Data

U.S. is going to publish PPI, core PPI data around 1230 GMT/0600 IST. 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. Markets expect positive reading from both the data. If actual data comes higher than forecasted then it is good for U.S. dollar. Markets expect core PPI to come around 0.1 pct vs -0.3 pct previous release. In addition, PPI is expected to come around 0.3 pct vs -0.2 pct previous release.

Let’s see how gold has reacted during the previous data release:

July 10: Negative Data

June 11: Core PPI flat, PPI and unemployment claims weekly positive

Technical View:

XAU/USD (GOLD): Gold hits fresh 5 – day low at $1,975 mark. Today pair made intraday high at $2,030 and low at $1,975 mark. A sustained close above $2,063 requires for the upside rally. Alternatively, reversal from key resistance will take the parity down towards key supports around $1,972, $1,964, $1,956, $1,947, $1,942, $1,931, $1,912, $1,907, $1,881 and $1,862 mark respectively. Key resistances are seen at $1,989, $1,997, $2,009, $2,022, $2,030, $2,049, $2,076, $2,082, $2,088, $2,094 and $2,111 mark respectively.

Take a look and do trade wisely!
Good Luck

Share on facebook
Share on linkedin
Share on twitter
Share on telegram
Share on whatsapp
Unleash Powerful Trading Conditions with TP Global.

Recent Posts



Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines.

Mail us

Drop mail at:

Contact us

Call or Whatsapp
+44 7441 416320

Risk Warning: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note that even knowledgeable and well-experienced investors can experience large potential losses because of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. iPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc.

TP Global FX Limited is registered and regulated by Vanuatu Finance Service Commission (VFSC) with a registration number 40409.

TP Global Limited is registered and regulated by FINANCIAL SERVICES COMMISSION (FSC) MAURITIUS with a registration number GB21026474

TP Global FX Limited is registered and regulated by Financial Services Commission, Mauritius with a registration number GB21026474

TP Global Fx Africa Limited is incorporated in Federal Republic of Nigeria under the Companies and Allied matters Act 1990 with registration number RC 1674202. The objects of the company are all subject matters not forbidden by Companies and Allied Matters Act 1990. To provide Electronic Platform through which clients can choose currencies, commodities, indexes, CFDs and other leveraged financial instruments to trade.

mappin at-sign phone close