13-02-2018 09:02 AM
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:
14-02-2018 08:55 AM
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.
14-02-2018 12:46 PM
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.