November 2017 US CPI report 13 November 2017

  • Prior 2.0%
  • Core 1.7% vs 1.8% exp y/y. Prior 1.8%
  • Real average weekly earnings -0.3% vs 0.0% exp m/m. Prior -0.1%. Revised to 0.1%
  • 0.8% vs 0.4% prior y/y. Revised to 0.3%
  • Real average hourly earnings 0.2% vs 0.4% prior y/y. Revised to 0.2%

Core soft and mixed on the wages.

The soft core number has done the damage here. Weekly earnings on the month are soft but much better y/y. USDJPY has fallen to a low of 112.97 and I’ve taken a small long at 113.06 on this dip. If the Fed has a hike on their minds today, this data doesn’t change anything. What it might do (as I wrote prior to the data) is have the market scaling back the timings of future hikes.

US CPI details 13 12 2017

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

Pin It on Pinterest