During the transactions of today, Thursday, August 10, 2017, the markets will focus on economic agenda’s data announcements, which usually creates changes in the price movements – the economic agenda is considered a key fundamental analysis tool to predict market performance- Therefore, caution is recommended until these actual data results are known, in order to make an informed trading decisions. Today’s economic news are:
US PPI: The producers’ prices eventually affects the consumer process. In June, the index climbed up by 0.1% and it is expected to remain at this level. So did the core PPI, and all are within expectations. It is expected that the core index will achieve around 0.2% gain.
US Unemployment Claims: this weekly job parameter has been very stable lately, and the claims last week reached to the 240k range. It is expected to have a slight increase towards 244k. It is worth mentioning that this report falls within the week of the Non-Farm Payroll Report.
Dudley’s Comments: Dudley is the head of Federal Reserve in New York, the 3rd strongest branch. He is relatively close to the opinions of the Janet Yellen, the Fed’s head, and his comments on the job reports, including the wages, very important for the dollar movement.