US CPI

USD has been in the defensive after all those subprime problem.

A good CPI might send USD into a short rally. But a bad CPI might sent it up to the roof.

Something to note: US Retail Sales was -0.1%
Over at CNBC last week, I heard them reporting about Retailers' sales figures. Excluding Wal-Mart the number was good but when Wal-Mart was added, the number dropped significantly - not because Wal-mart had a bad month, but because of heavy discounting.

We may indeed see a bad CPI later.

Core CPI is at an expected rate of 0.2 which is low already, I don't think, well see much of an ease off on inflationary pressure for the consumer.

I personally dont think, cpi will have an great impact on the market. More closely to be watched ... michigan index (p).

After all a very quiet week.

Just my 2 Cents

/Juao