Many were fooled by the last Retail Sales. It was sure negative headline number but when people looked at the details, it was positive after all.
Again 2 fridays ago, NFP kicked a lot of people's behind with the "revision" number.
This week, we are having PPI and CPI.
Question: Does these numbers have any "breakdown" numbers like Price index for fuel, for food, for etc...
Fuel is a clear no brainer. It dropped and with that I predict that the negativity in the coming CPI/PPI will again CAUSE a massive USD bull once again (unless of course that the actual is USD bullish already)..
I sure will not trade this news based on the headline number alone. I would straddle it but will be ready with a market order hiting the sell if its USD bull and hit sell if there is an upmove (expecting it will drop).
Again 2 fridays ago, NFP kicked a lot of people's behind with the "revision" number.
This week, we are having PPI and CPI.
Question: Does these numbers have any "breakdown" numbers like Price index for fuel, for food, for etc...
Fuel is a clear no brainer. It dropped and with that I predict that the negativity in the coming CPI/PPI will again CAUSE a massive USD bull once again (unless of course that the actual is USD bullish already)..
I sure will not trade this news based on the headline number alone. I would straddle it but will be ready with a market order hiting the sell if its USD bull and hit sell if there is an upmove (expecting it will drop).