Monday Market Must-Knows: June 13, 2022
We’re anticipating another volatile week. Here’s what to look for:
• The PPI - Producer Price Index announcement on Tuesday at 8:30am ET - Numbers will likely spike sharply following last week’s CPI numbers, which were worse than expected.
• The FOMC Meeting Minutes will be released on Wednesday 2pm ET. Expectations are rates will continue to increase.• Listen to what Jerome Powell has to say about the sudden spike in inflation during the press conference at 2:30pm ET.
• Retail Sales on Tuesday at 8:30am ET - Expectations have been that it will start to decline, creating some trading opportunities.
• For Forex traders, we have two announcements which may be important. The Swiss National Bank (Thursday 3:30 am ET) and the Bank of England (Thursday 7am ET).
As always, if you’re in the markets, make sure you have a trade plan.