US CPI Jan 18

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?

Initially USD positive, probably 30-40 pips, then retrace twice the amount of the initial move. PPI drove cable down approx 25-30 pips to 9642; currently 23:00 gmt, cable bid at 9700. So it went down 30 and retraced 60. Same for CPI tomorrow.

HI
I am new to news trading. Please help me understand , if the 0.2% or greater . Am I looking to go long??


Any help will be appreciated.

Long dollar, meaning short GBPUSD.

Yes Short the GBP.

What software is availible to help I got the demo of NewsTrader PRO and am looking at something called bootcamp papers.

I 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?

Since GBP interest rate hike, the sentiment is bullish. The market usually holds during the news but, whatever the figure, resumes the uptrend.

Today's peak formed a pin-bar, but there are stops all over the way to 9846 to be collected. I still don't know whether or not it will be a single sling-shot today or if a bigger retracement will be required. But indicators are showing breath yet....

CPI: Consumer Price Index

 

1. Importance (A-F): This release merits a B+.
2. Source: Bureau of Labor statistics, U.S. Department of Labor.
3. Release Time: 8:30 ET, about the 13th of each month for the prior month.
4. Raw Data Available At: http://stats.bls.gov/news.release/cpi.toc.htm.

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

Its weird.

Its like the EURUSD market is already correcting to the downside, anticipating a higher than expected (positive) CPI...
I believe a 0.3% rise, which would probably make the EUR breach below 1.29

I'm hoping for the opposite however, as i'm quite long into gold

Matt

im still seeing the effects of b.o.e intrest rate hike as eur/usd and usd/chf is going its own way.

Thank 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
Banda

10 min to go. lets get this money.

Wrong number that you put.I'm already short the cable 2 hours ago,sl @ 9710 and few moment before the news out I'll make my trailing to 20 pips.

give it time to go up before shorting

22 pips clear and out.good luck everyone...

short at 1.9665 a little low i was expecting it to go up before i short but still got in.

no go up rite? it's nice this time.just 2 or 3 pips up before surge.

this thing is droping like hot cakes look for a major drop here.

All numbers were "believeable" USD positive unlike the "Unbelievable" PPI...

crap..it drop and still...wish everyone still grap it all.as for me losing opp better than losing cap.