🔵 US Producer Price Index Statement is about to be released at 16:30 Mecca time
🟢 This index is considered one of the most prominent inflation measuring tools relied upon by the US Federal Reserve, as it shows the inflation rate suffered by industrialists when purchasing goods and services
🟢 Expectations indicate that the index will stabilize at 0.4%:
🟢 If the numbers come out higher than expected: This will be strong support for the dollar, which will enhance its gains and push indices, metals and other currencies to decline.
🟢 However, if the numbers come out lower than expected: The dollar may weaken, which will give a positive boost to indices, metals and other currencies.
🟢 The statement will be issued within 20 minutes and may lead to noticeable fluctuations in the markets
