Whats to expect with US PPI?

Oct 17, 2006

PPI
Previous: 0.1%
Estimate: -0.7%
Actual:

Core PPI
Previous: -0.4%
Estimate: 0.2%
Actual:

What do we look for in these numbers to support USD?
I personally think that the -0.7% PPI was due mainly to the lowered Fuel cost last month as already shown last Retail Sales. Core PPI stands at 0.2%.

What will happen if Core comes at 0.2% or lower? Will that short USD?
But what if PPI comes higher than -0.7% at the same time? Will that support USD?

Hmm... I wonder if USD Sentiment is still there. Will USD be a loser today?

Alot of people are trading CORE PPI ignoring PPI..


Anecdote:

From Jan to date, Estimate Core PPI has always been 0.2%.
* From Historic charts, I noticed that Core PPI lower than 0.2% always short USD.
* A 0.3% sometimes supports USD only to reverse later then "goes back to neutral" (July)
* 0.4% and up is a clear USD long.
Will we see 0.4% later?
I have seen 0.4% ONLY once (Feb) this year.. Most are 0.3% and lower.

Looks like this $+ sentiment is over.
Looking at today's GBP/USD chart, the cable did not retrace back to neutral after UK CPI numbers this morning.

Hi, burkerking , where can i see the fastest ppi result ?
Which website show the result in the fastest?

Hello...It seems that the US PPI and core has made us confused. I suggest to trade following the trend. As we know, after the news, in pair GBP/USD, dollar spiked bearish but soon after that, it came to bulls again.
Please, be a save trader today, you can always trade savely if you trade following the trend because of the confusing news right ?!
I have a position now, long GBP/USD 1.8677 now...
Have a nice trading...