Menu
Sister Sites

  • Producer Price Indexes - November 2022

    From bls.gov

    The Producer Price Index for final demand advanced 0.3 percent in November, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices also rose 0.3 percent in both October and September. (See table A.) On an unadjusted basis, the index for final demand moved up 7.4 percent for the 12 months ended in November. In November, most of the increase in the index for final demand is attributable to a 0.4-percent advance in prices for final demand services. The index for final demand goods inched up 0.1 percent. Prices for final demand less foods, energy, and trade services moved up 0.3 ... (full story)

Added at 8:35am

  • Wholesale prices rose 0.3% in November, more than expected, despite hopes that inflation is cooling

    From cnbc.com

    Wholesale prices rose more than expected in November, dampening hopes that inflation could be headed lower, the Labor Department reported Friday. The producer price index, a measure of what companies get for their products in the pipeline, increased 0.3% for the month and 7.4% from a year ago. Economists surveyed by Dow Jones had been looking for a 0.2% gain. Excluding food and energy, core PPI was up 0.4%, also against a 0.2% estimate. The release comes amid other signs that price increases at least were decelerating from a pace that had put inflation at its highest level in more than 40 years. However, the data ... (full story)

Thank you very much for that 80 pips on GBP/USD. Betting on "weak USD" is working so far..
I am always amazed to see how people jump into that initial move which literally happen on the exact time of the announcement. So it cannot be anything other than retailers sitting home pushing F5 and trading the headline ((:
Now for USD today. The data are very good. Buy USD
Will this mean the Fed may continue at 0.75 and not 0.5 as forecast?
Hawkish usd
Prelim GDP, NFP, Flash service PMI & Today's PPI data's are good for USD. Now we expect USD Gonna strong in currency board. Lets see how market player consider USD Strong.
Turns all market needs is signs of recession to rise rates to tackle inflation.
Quoting The Doji
Will this mean the Fed may continue at 0.75 and not 0.5 as forecast?
Is that how you trade?
Quoting The Doji
Will this mean the Fed may continue at 0.75 and not 0.5 as forecast?
I think at this point no. We still need to see CPI data on Tuesday.. If we get inflation reading that is more than enough above the forecasted one, then we'll see. Whatever the case, I think 50bps rate hike is a sealed deal at this point, HOWEVER, their further rate hikes MAY be bigger than they previously thought due to higher-then-forecasted inflation data if that happens. So, to answer, no! 50bps is in my opinion a done deal whatever the inflation come out as on Tuesday.
as always with this Fed. The more they hike rates the higher inflation goes
Market just become volatile but not come down eurusd as it should be or is it waiting for direction or it want to go again up? Till NFP last week news, this is happening even though all data for usd is favorable in ten days but not doing down. What may be the reason?
Quoting TheWolf
{quote} I think at this point no. We still need to see CPI data on Tuesday.. If we get inflation reading that is more than enough above the forecasted one, then we'll see. Whatever the case, I think 50bps rate hike is a sealed deal at this point, HOWEVER, their further rate hikes MAY be bigger than they previously thought due to higher-then-forecasted inflation data if that happens. So, to answer, no! 50bps is in my opinion a done deal whatever the inflation come out as on Tuesday.
I believe that the FED aren't total idiots. They know that the numbers in the new year should reflect small to no increases from last years numbers. Their threat of rate increases should produce this result which will clearly show inflation under-control, which allows them to taper off rate increases.
Nov data were revised up.

Seems there was a target result for mid-year election, now true figures are coming out
Quoting Donfeb
{quote} Is that how you trade?
Not at all - momentum driven price action.
  •  Guest
  • | IP XXXX:9f48:4d37
The fed ain’t pivoting nor are they slowing rate hikes. Every other government has signalled a slow down, but the fed only have reason to speed up. That alone sets the tone in the direction for the USD going into early 2023. 2 months of bearish movement for the US dollar is hardly a trend change, all you have to do is view the monthly tf to see this.
Quoting Blessed-man
Nov data were revised up. Seems there was a target result for mid-year election, now true figures are coming out
That is not a surprise!
Quoting Blessed-man
Nov data were revised up. Seems there was a target result for mid-year election, now true figures are coming out
What a shocker! (sarcasm). Considering the info about the government and big-tech colluding to suppress information that just came out. Don't worry.... the mainstream press won't report about it anyways.
Quoting kvmystic
Market just become volatile but not come down eurusd as it should be or is it waiting for direction or it want to go again up? Till NFP last week news, this is happening even though all data for usd is favorable in ten days but not doing down. What may be the reason?
Quite a number of reasons - not least that there are some major institutional brokers who have held long USD positions since the beginning of the year and are now unwinding before the year end. So even though it may not truly represent the market data the big boys direction is king. However - I am now seeing a number of the key players talking USD bullish and anticipate a reversal - esp. against the GBP.
  • New Comment
  •  Guest
  • | IP X.XXX.111.130
Join FF
  • Story Stats

  • Related Stories