The European Single Currency appreciated against the US Dollar, following the US PPI release on Wednesday at 12:30 GMT. The EUR/USD exchange currency rate gained 9 pips or 0.07% during a minute, right after the release. The European Single Currency kept moving upwards to trade at the 1.1590 level.
The Bureau of Labor Statistics released US PPI data that came out lower-than-expected of negative 0.10%, compare to forecasted 0.20%. The data represents the change in the price of finished goods and services sold by producers.
It was insignificant data release due to a small pips change during the release time. The upsurge momentum of 11 pips or 0.10% occurred before the release, preparing for the number announcement. We can observe that the rate was showing bearish movements to retrace back to the 1.1585 level after an hour from the release time.
| Historical Data Table: PPI m/m | Economic Calendar for 13.09.2018 | ||||||||
| Date | 10.04.2018 | 09.05.2018 | 13.06.2018 | 09.08.2018 | 12.09.2018 | 11:00 PM | UK Official Bank Rate | ||
| Actual | 0.30% | 0.10% | 0.50% | 0.00% | -0.10% | 11:45 PM | EUR Main Refinancing Rate | ||
| Forecast | 0.10% | 0.20% | 0.30% | 0.20% | 0.20% | 12:30 PM | US CPI m/m | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.71179 | 0.7125 | 0.10% | AUD/USD | 62.77% | 37.23% | |||
| EUR/USD | 1.15831 | 1.15902 | 0.06% | EUR/USD | 61.18% | 38.82% | |||
| USD/JPY | 111.471 | 111.413 | -0.05% | USD/JPY | 50.98% | 49.02% | |||
| NZD/USD | 0.65165 | 0.65215 | 0.08% | NZD/USD | 56.14% | 43.86% | |||