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Eyes on Inflation

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Feb 2nd's NFP set the scene for last weeks market turn around, the beat on job numbers and average hourly earning plus a revised increase in consumer sentiment made the market consider the increasing possibility of rising inflation after a long period of stagnation.

Will tomorrow's US CPI data shed more light on the prospect?




Wed 14th Events:



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Yen continues to rise on the outflows from Dow, Dow dip buyers are waiting for data on inflation. USDJPY dips a toe below the September low but gets cold feet.

US CPI and retail sales 13:30.





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What reaction to expect from a CPI outside expectation. But remember too that core retail sales data comes out at the same time where a figure higher than expectation will give US dollar a lift so any reaction in USD will be the sum of the two different data sets.


Incidentally Joel Kruger is formally of DailyFX.



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