#usjulycpi&ppiduethisweek Yes. U.S. July CPI was released today (Aug. 12), and July PPI is due tomorrow (Aug. 13).
🇺🇸 July CPI: released Aug. 12 at 8:30 AM ET / 6:00 PM IST. Actual: 3.4% YoY, 0.1% MoM; core CPI 2.5% YoY, 0.2% MoM.
🇺🇸 July PPI: Thursday, Aug. 13 at 8:30 AM ET / 6:00 PM IST.
📊 Friday, Aug. 14: Retail Sales and University of Michigan consumer sentiment are also scheduled.
For XAUUSD / Gold
The key remaining inflation event is PPI tomorrow. A hotter-than-expected PPI can strengthen USD/yields and pressure gold, while a cooler PPI can support gold. However, the reaction can be very volatile immediately after the release.
If you're trading XAUUSD M5, I'd avoid entering right before 6:00 PM IST and wait for the initial spike to settle before taking a setup.
🇺🇸 July CPI: released Aug. 12 at 8:30 AM ET / 6:00 PM IST. Actual: 3.4% YoY, 0.1% MoM; core CPI 2.5% YoY, 0.2% MoM.
🇺🇸 July PPI: Thursday, Aug. 13 at 8:30 AM ET / 6:00 PM IST.
📊 Friday, Aug. 14: Retail Sales and University of Michigan consumer sentiment are also scheduled.
For XAUUSD / Gold
The key remaining inflation event is PPI tomorrow. A hotter-than-expected PPI can strengthen USD/yields and pressure gold, while a cooler PPI can support gold. However, the reaction can be very volatile immediately after the release.
If you're trading XAUUSD M5, I'd avoid entering right before 6:00 PM IST and wait for the initial spike to settle before taking a setup.