Last month, PPI was USD Positive, but CPI was USD Negative. Could it be due to the sales/discounts?
This month, PPI is USD Positive. Guess where CPI will be?
This month, PPI is USD Positive. Guess where CPI will be?
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DislikedI am fed up with the failure of USD rallies when a good number comes out (ie, Retail Sales and PPI).
Either people dont believe the "incredible numbers" or USD is just plain lame duck right now.
In that tone, I *WISH* that today's CPI will be below expectation to give some heavy USD shorting.
But GBPUSD just went down 60 pips from the peak... USD strength? or consolidation before a strong run up to 2.0000?Ignored
The Consumer Price Index is a measure of the price level of a fixed market basket of goods and services purchased by consumers. CPI is the most widely cited inflation indicator, and it is used to calculate cost of living adjustments for government programs and it is the basis of COLAs for many private labor agreements as well. It has been criticized for overstating inflation, because it does not adjust for substitution effects and because the fixed basket does not reflect price changes in new technology goods which are often declining in price. Despite these criticisms, it remains the benchmark inflation index. CPI can be greatly influenced in any given month by a movement in volatile food and energy prices. Therefore, it is important to look at CPI excluding food and energy, commonly called the "core rate" of inflation. Within the core rate, some of the more volatile and closely watched components are apparel, tobacco, airfares, and new cars. In addition to tracking the month/month changes in core CPI, the year/year change in core CPI is seen by most economists as the best measure of the underlying inflation rate.
The market expects 0.2.the FF predict 0.2% also.The PPI is the leading indicator for the CPI and it positive this month.I see the CPI will come out ok (positive).the oil effect this too? since the oil surge this month and since the energy also effect this news.and the retail sales news also very positive last 2 days.just my 2 cent
DislikedLast month, PPI was USD Positive, but CPI was USD Negative. Could it be due to the sales/discounts?
This month, PPI is USD Positive. Guess where CPI will be?Ignored
DislikedThank you all for the info and stats. I plan to straddle GBP/USD [email protected] and long at 1.9692 Pivot point for today at 1.9673
Please advice me where i got this flawed reasoning ...........
I appreciate your comments a lot !
Happy pipping wish you all luck
Thank you
BandaIgnored