December 2017 US PPI report 11 January 2018

  • Prior 0.4%.
  • 2.6% vs 3.0% exp y/y. Prior 3.1%
  • Ex-food/energy % vs 0.2% exp m/m. Prior 0.3%
  • 2.3% vs 2.5% exp y/y. Prior 2.4%
  • Ex-food/energy/trade 0.1% vs 0.4% prior m/m
  • 2.3% vs 2.4% prior y/y

Misses across the board and with every piece of inflationary data scrutinised, the dollar has suffered. USDJPY has nidged under the 111.55/111.80 range it had been sitting in for the last few hours. 111.48 trades. EURUSD has pushed on to 1.2035. GBPUSD has nudged into 1.3500.

So, that was the first negative PPI number in over 18 months.

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

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