Michigan Prelim. Consumer Sentiment Index Dec 2017: 96.8 vs 99.0 expected

Current Conditions: 115.9 vs 115.5 exp

• Consumer expectations: 84.6 vs 90.6 exp, prior 88.9
• Prior Consumer Sentiment index 98.5
• Prior current Conditions 113.5
• Inflation expectations YoY : 2.8 % vs 2.5% prior
• 5Yr Inflation expectations : 2.5 % vs 2.4% prior
• Also out Wholesale Inventories Oct 2017 MoM :-0.5 % vs -0.4% exp, prior -0.4%

Michigan headlines weaker but compensated by higher inflation expectations . USD not moving an awful lot but painting a bid on dips bias EURUSD 1.1755, USDJPY 113.33, cable 1.3418

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K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

Read how Koen got into trading here

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