August 2017 US PCE and pesronal income and spending data 29 September 2017

  • Prior 1.4%
  • 0.2% vs 0.3% exp m/m. Prior 0.1%
  • Core PCE 1.3% vs 1.4% exp y/y. Prior 1.4%
  • 0.1% vs 0.2% exp m/m. Prior 0.1%
  • Personal incomes 0.2% vs 0.2% exp m/m. Prior 0.4%. Revised to 0.3%
  • Spending (adjusted) 0.1% vs 0.1% exp m/m. Prior 0.3%
  • Real spending -0.1% vs 0.2% prior m/m

It’s missed expectations in PCE and dropped a point on the core. That’s seen the buck lower as expected. USDJPY down to 112.28 from 112.60.

We’ve also had some data out of Canada;

  • July 2017 GDP 0.0% vs 0.1% exp m/m. Prior 0.3%
  • 3.8% vs 3.9% exp y/y. Prior 4.3%. Revised to 4.4%
  • August 2017 PPI 0.3% vs 0.5% exp m/m. Prior -1.5%. Revised to -1.6%
  • 1.9% vs 1.3% prior y/y
  • Raw material prices 1.0% vs 0.3% exp m/m. Prior -0.6%. Revised to -0.9%
  • 6.1% vs 4.5% prior y/y. Revised to 4.2%

The worse GDP has seen CAD sell off to 1.2475 against the USD.

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
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Ryan Littlestone

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