CPI

Forex Trading News: CAD Core CPI and CPI Released

Mr. Danish FX — Fri, 21 Nov 2008 07:03:38 -0500

The CAD Core CPI came out at -0.2% from the previous 0.4%. A drop to 0.0% was forecast.

The CAD CPI came out at -1.0% from the previous 0.1%. A drop to -0.5% was forecast.

Despite this worse than expected data, the CAD initially got bid across the board.

Forex News: US CPI comes out weaker than expectations. So does the housing stats.

Greg Michalowski — Wed, 19 Nov 2008 08:32:16 -0500

CPI MoM: -1.0% versus -0.8%e
CPI Ex Food and Energy: -0.1% versus +0.1%e

CPI YoY: 3.7% versus 4.0%e
CPI YoY Ex Food and Energy: 2.2% versus 2.4%e

Inflation is falling rapidly. Apparel down 1.0%. Used Cars down 2.4%, New Cars down 1%. Airfares down 4.8% . Gas -14%. Weakness across the board

The weak holiday season should also lead to heavy early discounting. The Black Friday sales next Friday will be watched by the market. Expectations will certainly not be great. There is too many goods (and stores) being chased by too few consumers.

Housing Starts were a touch higher than expected 791K versus 817K, but Building permits plunged to 708K from 786K last month (down 12%). Housing is not in the best of sales seasons (Nov, Dec, Jan, Feb). With already a weak market, and mortgage rates remaining above 6% (6.16% this week which is the same rate from a year ago), the expectation for housing has to continue to remain bearish for some time.

Forex Trading News: UK CPI and Core CPI Released

Mr. Danish FX — Tue, 18 Nov 2008 04:32:48 -0500

The UK CPI came out at 4.5% from the previous 5.2%. A drop to 4.8% was forecast.

The UK Core CPI came out at 1.9% from the previous 2.2%. No change from 2.2% was expected.

The GBP got bid after this data was lower than expected across the board. This was also the first fall in this data in more than a year along with the fast pace drop ever for this series of data. However, the GBP move was only a knee jerk reaction and the GBP pairs quickly dropped back down to pre-data levels.

Forex Trading News: German Final CPI Released

Mr. Danish FX — Fri, 14 Nov 2008 02:05:05 -0500

The German Final CPI came out at -0.2% as forecast. There was no change.

The EUR did not react to this low impact data.

Forex Trading News: French CPI Out As Expected

Mr. Danish FX — Thu, 13 Nov 2008 02:48:10 -0500

The French CPI came out as forecast, no change from the previous -0.1%.

The EUR was not changed after this low impact CPI data.

Forex Trading News: CHF CPI Released

Mr. Danish FX — Tue, 04 Nov 2008 01:46:40 -0500

The CHF CPI came out at 0.5% from the previous 0.1%. This was forecast for a rise to 0.4%.

There was not much reaction from the CHF after this data.

Forex Trading News: EUROZONE CPI Data Out as Expected

Mr. Danish FX — Wed, 15 Oct 2008 05:18:48 -0400

The EUROZONE CPI number came out no change as forecast at 3.6%.

The Core CPI also came out no change as forecast at 1.9%.

Forex Trading News: German Final CPI Released (For September)

Mr. Danish FX — Wed, 15 Oct 2008 02:01:32 -0400

The German Final CPI came out at -0.1% from the previous -0.1%. No change was forecast.

The EUR softened up a bit after this release coming behind some gains across the board.

Forex Trading News: CHF CPI Released Better Than Expected

Mr. Danish FX — Fri, 03 Oct 2008 02:27:02 -0400

The CHF CPI came out at 0.1% from the previous -0.3%. This was forecast at -0.1%.

This had little affect on the CHF as the market appears to be focused in on the US job data and the House's rescue bill vote later today.

Forex News: US CPI comes in as expected

Greg Michalowski — Tue, 16 Sep 2008 08:33:35 -0400

The decline is -0.1%. Core is +0.2%.

The YoY comes in at +5.4% vs +5.5% and the Core YoY comes in at 2.5% vs 2.6%,

The market is preoccupied with situation at large. The Fed and global central banks are all adding liquidity as there is a hording of cash which is keeping the Fed Funds rate higher than expectations.