Economic Calendar November 12, 2026 5 min read

How to Trade November PPI

Updated November 12, 2026

The U.S. producer price report for October lands on Friday, 13 November 2026. It is a high-impact release for every dollar pair and for gold. This page explains what PPI measures, what the market expects, how prices usually react, and how to protect your account on release day.

Release time

Friday, 13 November 2026 at 8:30 AM New York time.

Two numbers come out together at that moment: PPI m/m and Core PPI m/m. Both are published by the U.S. Bureau of Labor Statistics (BLS). The report covers prices in October.

8:30 AM New York falls inside the London–New York overlap, which is already the busiest part of the trading day. The release adds a sharp burst of volatility on top of that.

What PPI is

PPI (Producer Price Index) measures the prices that U.S. producers get for the goods and services they sell. Think of it as inflation measured at the start of the supply chain instead of at the shop counter.

Why traders care: when producers' costs go up, they often pass some of that increase on to consumers later. So PPI can be an early hint for CPI, the consumer inflation report the market watches most closely. Parts of PPI also feed into core PCE, the inflation gauge the Federal Reserve targets.

Core PPI is PPI without food and energy. Those two categories swing a lot from month to month because of weather, harvests and oil prices. Removing them shows the underlying inflation trend more clearly, which is why many traders watch core as closely as the headline number.

Both figures are m/m, meaning the change from the previous month.

The numbers to watch

The market has already priced in the forecast. What moves price is the gap between the actual number and the forecast, not the number on its own. Also keep in mind that last month's very high readings (1.3% and 0.7%) can be revised in the same report.

How the market usually reacts

If PPI comes in higher than forecast:

• USD is usually stronger
• Gold is usually lower
• EUR/USD is usually lower
• USD/JPY is usually higher

If PPI comes in lower than forecast:

• USD is usually weaker
• Gold is usually higher
• EUR/USD is usually higher
• USD/JPY is usually lower

Why it works this way: hotter producer prices suggest inflation may stay high, so markets expect the Fed to keep interest rates higher for longer. Higher U.S. yields tend to support the dollar. Gold pays no interest, so it tends to lose appeal when yields rise. A cooler print usually runs that chain in reverse.

These are tendencies, not rules. If headline and core PPI point in different directions, the reaction can be mixed. Other news on the same day, market positioning and general risk mood can also soften the move or override it. Nothing on this page guarantees a direction.

The last three releases

PPI m/m (actual vs forecast)

Core PPI m/m (actual vs forecast)

These are the figures as first reported on each release day. The BLS revises earlier months as late data comes in, so the same months can show different numbers in later reports.

The October release was a large upside surprise on both measures. That is the backdrop going into November: the market will be watching whether producer price pressure stays high or cools back toward the forecast.

Tips for every trader on release day

• Spreads widen around the release. Liquidity thins just before 8:30 AM, so your entry or your stop loss can fill at a worse price than you planned.
• The first move is often fast and can reverse. The first reaction is based on the headline number before traders have read the details. Many traders wait for the first 15 minutes to settle before they act.
• Use a smaller position size than usual. A smaller size means a sudden spike costs less if it goes against you.

If you trade a prop firm account

• Check your firm's news rules. Some prop firms restrict trading for a few minutes before and after high-impact news. PPI is often on that list. Breaking the rule can cost you the account, even on a winning trade.
• Keep your daily drawdown limit in mind. A single spike can hit your daily loss limit. Work out how much room you have before the release with the drawdown calculator.

For a broader plan around big data releases, see how to trade high-impact news.

This week's outlook

For the bigger picture going into the release, read this week's forex and gold outlook. The week's high-impact calendar shows what else is scheduled around PPI.

Sources

• ForexFactory economic calendar, 13 November 2026 (release time, forecasts and previous figures)
• U.S. Bureau of Labor Statistics, Producer Price Index news release