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If you wish to open an account in an EU investment firm and protected by EU laws, you will be redirected to Ultima Markets Cyprus Ltd (the “CIF”), a Cyprus investment firm duly licensed and regulated by the Cyprus Securities and Exchange Commission with license number 426/23.
On Tuesday, a softer-than-expected rise in US producer prices in July, up 0.1% against estimates of 0.2% eased dollar. The Dollar Index dipped 0.51%, closed at 102.6 against other major currencies. The higher goods costs offset by more affordable services, signaling a continued moderation in inflation. This led to a rally in Treasuries, driving tiled down in response to the PPI report.
(US Dollar Index Daily chart)
The modest 0.1% month-on-month rise in the final demand PPI, along with the unchanged core PPI for July, may not be as positive as it seems at first glance. Nevertheless, it remains consistent with the Fed’s preferred core PCE price index, indicating an annualized increase at a pace below 2%.
(US PPI m/m data)
More importantly, the consumer price index report on Wednesday will serve as a pivotal indicator, guiding the Federal Reserve’s decisions on interest-rate policy. The data will provide crucial insights into whether inflationary pressures are persisting or subsiding, influencing the trajectory of future rate adjustments.
Disclaimer
Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.
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All clients of Ultima Markets are protected under insurance coverage provided by Willis Towers Watson (WTW), a global insurance brokerage established in 1828, with claims eligibility up to US$1,000,000 per account.
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RISK DISCLOSURE
Risk Warning: Trading Forex and CFDs carries the risk of losing substantially more than your initial investment and should only be traded with money you can afford to lose. You do not own or have any rights to the assets that underlying the derivatives (such as the right to receive dividend payments). Ensure you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. Please consider our legal documents and ensure that you fully understand the risks before you make any trading decisions.
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Ultima Markets, a trading name of Ultima Markets Ltd, is authorized and regulated by the Financial Services Commission "FSC" of Mauritius as an Investment Dealer (Full-Service Dealer, excluding Underwriting) (license No. GB 23201593). The registered office address: 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, 72201, Mauritius.
HuaPrime EU Ltd, registered number HE423188, and with a business address at Georgiou Griva Digeni 122A, Kallinicos Court, Shop 1—Upper level, Neapolis, 3101 Limassol, Cyprus, is regulated by the Cyprus Securities and Exchange Commission, which has CIF license number 426/23.
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