Jump to content
Sign in to follow this  

Eyes on Inflation

Recommended Posts

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?

 

https://www.marketwatch.com/story/dont-make-big-investing-decisions-until-feb-14-2018-02-12?link=sfmw_tw

 

Wed 14th Events:

 

cal1.PNG

Share this post


Link to post
Share on other sites

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.

 

US30(£)H1.pngUSDJPY(£)Daily.pngstren1.PNG

 

 

Share this post


Link to post
Share on other sites

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.

 

cpi1.PNG

Share this post


Link to post
Share on other sites

Your content will need to be approved by a moderator

Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • General Statistics

    • Total Topics
      5,112
    • Total Posts
      20,472
    • Total Members
      21,829

    Newest Member
    Katlego
    Joined 08/22/2018 02:53 AM
  • Handpicked content from IG Community

    • Trade EOS, Stellar and NEO crypto assets on IG
      We are pleased to announce that since Monday, 20th of August, our clients can trade three new cryptocurrencies on our platform - EOS, Stellar and NEO. Key contributors to the recent launch were IG Community members who participated in a poll and picked which new crypto assets they were most interested in.
      • 0 replies
    • London's house prices - EMEA brief 21 Aug
      Asian stocks generally up on hopes trade tensions may ease, with opes of a China - US trade resolution pushing up copper, often seen as a barometer for the economic outlook, dragging behind it miners such as BHP Billiton and Glencore. Venezuela have debased their currency taking off five zeros, along with increase minimum wage by 3000% in and effort to prop up their economy. Yesterday the world trade organisation confirmed that Turkey had lodged a trade dispute against the US. Gold gains as Trump's remarks weigh on the US dollar, whilst oil edges up on tighter US outlook and Iran sanctions. Finally, see what's going on with London house prices in the IGTV video featured video below.
      • 0 replies
    • Oil prices slip - EMEA brief 20 Aug
      Iran has stressed to OPEC over the weekend that no other member country should take up the slack for reduced oil exports in the face of Trump imposed US sanctions. Oil prices slip on concerns over slowing economic growth. Asia shares inch up with yuan ahead of Sino - US talks, whilst UK ministers are set to release their first ‘no deal’ Brexit documents on Thursday in an effort to prepare for a “worst possible” outcome. Persimmon results are expected tomorrow, with many in the sector looking to the release as a barometer for the wider housing sector and how a rising inflation rate will affect the market.
      • 0 replies
×