Market Movers for Today - 11 April 2019


On Thursday, April 11, 2019, the markets will be interested in the announcements from the economic calendar data, which usually results in changes in price movements. The economic agenda is a key tool for the basic analysis of the news to predict the performance of the markets. Therefore, caution must be taken to determine the results of these actual data to make the right trading decision. The economic news today are:

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US PPI: In the US, producer prices rose 0.1 percent month-on-month in February, recovering from a -0.1 percent drop the previous month. February's reading came in below analysts' expectations of an increase of 0.2 percent. Energy costs rebounded and food prices fell at a slower pace. Service costs remained constant, after an increase in January. The core PPI, which excludes energy and food prices, rose 0.1 percent, after a 0.3 percent gain the previous month. However, the reading for this month has exceeded analysts' expectations of an increase of 0.2 percent. Forecasts for March 2019: PPI and Core PPI are expected to rise by 0.3 and 0.3 percent, respectively.

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.