CPI, core CPI, PPI, PCE and the European prints — release by release.
Inflation is the data family that moves currencies hardest, because it maps most directly onto what a central bank will do next. This course takes each inflation release on the calendar in turn — headline CPI, core CPI, PPI, PCE and the European prints — and explains what it measures, which component desks read first, and how the surprise reaches the exchange rate.
intermediate · 5 lessons · 55m
What you'll cover
CPI: Trading the Consumer Price Index ReleaseThe highest-impact scheduled number in the currency market, line by line.Once a month a single line of a government spreadsheet reprices every currency pair on your screen. This lesson takes the CPI release apart — who publishes it, what is actually in…
Core CPI MoM vs YoYTwo views of the same number, and why they can point in opposite directions.Every calendar prints core CPI twice — once month-on-month and once year-on-year — and traders routinely quote whichever one supports the view they already hold. This lesson…
PPI: The Producer Price IndexInflation one step up the supply chain — and a direct input into the Fed’s preferred gauge.PPI is usually filed under "second-tier data" and usually ignored. That is a mistake in one specific and very tradeable way: several PPI components feed straight into the…
PCE: The Inflation Gauge the Fed Actually TargetsWhy the Fed’s preferred measure often moves the market less than CPI does.The Federal Reserve’s 2% target is not defined on CPI. It is defined on the PCE price index — a different basket, a different formula and a different release. Understanding why…
Eurozone HICP and UK CPITwo inflation prints that trade differently — and the national flashes that leak the answer early.The dollar is not the only currency with an inflation print. The eurozone and UK releases have their own quirks — a flash estimate assembled from national data that arrives first,…
Who this course is for
Inflation Data Releases is a intermediate course in the Fundamental Analysis track of the FX Terminal Academy. It assumes you already know what a currency pair is and how an order is placed. There are 5 lessons, about 55m of reading in total.
Every lesson is free to read, and no account is needed to read one. Signing in only records which lessons you have finished, keeps your place across devices and issues the completion certificate at the end.
How to work through it
Read the lessons in the order they are listed: each one builds on the vocabulary and the ideas of the one before it. Each lesson ends with a short quiz that checks you took the point rather than the wording, and links straight into the FX Terminal screen that puts it to work — so the idea is tested against live market data instead of staying on the page.
You can stop between lessons and come back; nothing here expires, and the course quiz at the end covers the whole set rather than the last thing you read.
Common questions
Is Inflation Data Releases free?
Yes. Every lesson is free to read in full. There is no paywall, no trial and no card required, and the live FX Terminal screens each lesson links to are free as well.
Do I need any trading experience to start?
Some. It takes for granted that you know what a currency pair is, what a pip is and how an order reaches the market — the beginner courses in the Academy cover all three.
How long does the course take?
5 lessons, roughly 55m of reading. It is self-paced — there is no schedule and no expiry, so stopping between lessons costs you nothing.
Do I need an account?
Not to read. An account is free and only exists to remember which lessons you have finished, carry that across devices, and issue the certificate when you complete the course.
Is there a quiz or a certificate?
Each lesson ends with a short quiz, and the course has its own assessment covering the whole set. Completing it while signed in issues a certificate you can share.
Will this course tell me what to trade?
No. The Academy teaches how the market works and how to read the data; it does not issue signals or recommendations. Nothing on FX Terminal is investment advice.