On Tuesday, in the US, the Producer Price Index is due. Analysts at Wells Fargo, suspect that the weakness in the manufacturing sector may cause producer prices to come in slightly below expectations. Key Quotes: “The Producer Price Index has not been as closely followed as it has been in the past largely because the revised survey has not been as good a predictor of future trends in the CPI. That said, the headline and core data look very similar to the CPI, with headline finished goods prices up 1.7% year-over-year and prices excluding food and energy items up 2.4%.” “Producer prices are more sensitive to swings in the business cycle, however, particularly in manufacturing and construction. The trade war has influenced the data, as prices for materials and inputs that compete with imports have been pulled higher.” “We suspect that the weakness in the manufacturing sector may cause producer prices to come in slightly below expectations. We expect both the overall and core PPI to rise just 0.1%, which is slightly below the consensus for the core PPI.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next XPP/USD technical analysis: XRP shoots higher FX Street 3 years On Tuesday, in the US, the Producer Price Index is due. Analysts at Wells Fargo, suspect that the weakness in the manufacturing sector may cause producer prices to come in slightly below expectations. Key Quotes: "The Producer Price Index has not been as closely followed as it has been in the past largely because the revised survey has not been as good a predictor of future trends in the CPI. That said, the headline and core data look very similar to the CPI, with headline finished goods prices up 1.7% year-over-year and prices excluding food and energy items… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
