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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Look ahead: Core PCE, eurozone CPI; Japan industrial production; German retail sales

It’s all about inflation, specifically the personal consumption expenditures (PCE) price index, which will be closely watched for clues about the direction of US interest rates over the rest of the year.

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Eurozone CPI and German retail sales data will be key after data showed warmer-than-expected inflation in the bloc’s economic powerhouse. Plus, look out for the latest Japanese industrial production print.

(AI Video Summary)

Upcoming Core PCE, CPI, GDP and PMI

In this financial "Look ahead" to Friday, 31 May 2024, emphasis lies on the upcoming US Core PCE data which is a crucial indicator for potential Federal Reserve rate adjustments. Additionally, various international economic indicators such as Japan’s industrial production and CPI, the eurozone’s CPI and GDP figures, and China’s PMI data are in focus.

Forex movements

Key currency movements like the USD/JPY and EUR/USD provide insights, with technical patterns suggesting consolidation and trends that could influence future monetary policies. This compilation of economic indicators and currency analysis plays an essential role in informing trading strategies and predicting central bank actions.

This information has been prepared by IG, a trading name of IG Markets Ltd and IG Markets South Africa Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

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