{"id":2742,"date":"2026-07-13T13:38:19","date_gmt":"2026-07-13T13:38:19","guid":{"rendered":"https:\/\/ftmo.com\/au\/?p=2742"},"modified":"2026-07-13T13:38:21","modified_gmt":"2026-07-13T13:38:21","slug":"trading-week-ahead-will-cpi-fuel-or-crush-the-rally","status":"publish","type":"post","link":"https:\/\/ftmo.com\/au\/blog\/trading-week-ahead-will-cpi-fuel-or-crush-the-rally\/","title":{"rendered":"Trading Week Ahead: Will CPI Fuel or Crush the Rally?"},"content":{"rendered":"\n

US equity futures face renewed turbulence as Middle East strikes trigger a 5% oil spike<\/strong> and tech stocks stumble ahead of a high-stakes Q2 earnings<\/strong> season. Big banks kick off reports this week, but traders are focused on whether AI infrastructure giants can deliver the massive margin expansions needed to justify lofty valuations. <\/em><\/p>\n\n\n\n

With energy-driven inflation fears resurfacing and Federal Reserve policy remaining strictly data-dependent, the upcoming US CPI<\/strong>, PPI<\/strong>, and retail sales<\/strong> prints guarantee a highly volatile week.<\/em><\/p>\n\n\n\n

Brace for this week’s three key economic events:<\/strong><\/p>\n\n\n\n

\ud83d\udc49<\/strong><\/strong> US CPI – 14:30, Tuesday (CEST)<\/strong> <\/p>\n\n\n\n

The macroeconomic event of the week (forecast: -0.1%, prev.: 0.5%). A sharp month-on-month drop will soothe inflation fears, while an upside surprise combined with surging oil will heavily rattle risk assets.<\/p>\n\n\n\n

\ud83d\udc49<\/strong><\/strong> US PPI – 14:30, Wednesday (CEST)<\/strong> <\/p>\n\n\n\n

A vital secondary inflation read (forecast -0.1%, prev. 1.1%). This will confirm the broader wholesale inflation trend or spark sudden US dollar volatility if it diverges from the CPI print.<\/p>\n\n\n\n

\ud83d\udc49<\/strong><\/strong> US Retail Sales – 14:30, Thursday (CEST)<\/strong> <\/p>\n\n\n\n

A key gauge of consumer spending (forecast 0.3%, prev. 0.9%). A downside miss here signals economic cooling and will likely drag down government bond yields.<\/p>\n\n\n\n

\n\n \n\n

\n \n
\n 14\/07\/26\n <\/div>\n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 14:30<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"USD\"\n <\/div>\n USD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n CPI<\/span>\n <\/div>\n <\/div>\n \n
\n 15\/07\/26\n <\/div>\n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 14:30<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"USD\"\n <\/div>\n USD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n PPI<\/span>\n <\/div>\n <\/div>\n \n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 15:45<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"CAD\"\n <\/div>\n CAD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n BoC Interest Rate Decision<\/span>\n <\/div>\n <\/div>\n \n
\n 16\/07\/26\n <\/div>\n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 08:00<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"GBP\"\n <\/div>\n GBP<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n GDP<\/span>\n <\/div>\n <\/div>\n \n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 14:30<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"USD\"\n <\/div>\n USD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n Retail Sales<\/span>\n <\/div>\n <\/div>\n \n
\n 17\/07\/26\n <\/div>\n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 11:00<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"EUR\"\n <\/div>\n EUR<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n CPI<\/span>\n <\/div>\n <\/div>\n \n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 16:00<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"USD\"\n <\/div>\n USD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n Prelim UoM Consumer Sentiment<\/span>\n <\/div>\n <\/div>\n \n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 16:00<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"USD\"\n <\/div>\n USD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n Prelim UoM Inflation Expectations<\/span>\n <\/div>\n <\/div>\n <\/div>\n\n
\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Date<\/th>\n Time<\/th>\n Instrument<\/th>\n Event<\/th>\n <\/tr>\n <\/thead>\n
14\/07\/26<\/td>\n \n \n
\n \n \n \n<\/svg>\n<\/span>\n 14:30<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n CPI<\/span>\n <\/td>\n <\/tr>\n \n \n
15\/07\/26<\/td>\n \n \n
\n \n \n \n<\/svg>\n<\/span>\n 14:30<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n PPI<\/span>\n <\/td>\n <\/tr>\n \n \n
\n
\n \n \n \n<\/svg>\n<\/span>\n 15:45<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"CAD\"\n <\/div>\n
CAD<\/div>\n <\/div>\n <\/td>\n\n
\n BoC Interest Rate Decision<\/span>\n <\/td>\n <\/tr>\n \n \n
16\/07\/26<\/td>\n \n \n
\n \n \n \n<\/svg>\n<\/span>\n 08:00<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"GBP\"\n <\/div>\n
GBP<\/div>\n <\/div>\n <\/td>\n\n
\n GDP<\/span>\n <\/td>\n <\/tr>\n \n \n
\n
\n \n \n \n<\/svg>\n<\/span>\n 14:30<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n Retail Sales<\/span>\n <\/td>\n <\/tr>\n \n \n
17\/07\/26<\/td>\n \n \n
\n \n \n \n<\/svg>\n<\/span>\n 11:00<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"EUR\"\n <\/div>\n
EUR<\/div>\n <\/div>\n <\/td>\n\n
\n CPI<\/span>\n <\/td>\n <\/tr>\n \n \n
\n
\n \n \n \n<\/svg>\n<\/span>\n 16:00<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n Prelim UoM Consumer Sentiment<\/span>\n <\/td>\n <\/tr>\n \n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n Prelim UoM Inflation Expectations<\/span>\n <\/td>\n <\/tr>\n <\/tbody>\n <\/table>\n <\/div>\n