PPI Posts on Forex Blog
US PPI Mixed, Goldman Sachs Beats
Jun 17, 2008
In early news:
Goldman Sachs, the standard bearer of investment banks, posted much better than expected earnings of $4.58 per share vs expectations for $3.42 a share.
Meanwhile, the PPI came in wiht mixed data. The PPI itself came in at a sizzling 1.4%, far higher than April's reading of 0.25. But, the core PPI (stripping food and energy) came in at 0.2%, below April's increase of 0.4%.
At 9:30am est, EURUSD was at 1.5493, GBPUSD at 1.9506, and the USDJPY at 108.20.
PPI
FX Calendar: June 2 - June 6
Jun 1, 2008
After a couple weeks of see-saw data from the Eurozone and US, the FX market is looking for a definitive direction this week. US Reports will likely dominate Forex headlines. US Employment numbers on Wednesday (ADP) and Friday (Non Farm payrolls) have the potential to be major movers.
The European Central bank and Bank of England announce rates Thursday. Both are expected to remain flat.
Monday June 2
4:30am est - UK Mortgage Approvals (expect 65k, +1k)
10:00am est - US ISM Manufacturing (expect 48.5, -0.1)
Tuesday June 3
5:00am est - Eurozone MoM PPI (expect 6.1%, +0.4%)
7:01pm est - UK Consumer Confidence (expect 67, -3)
7:15pm est - Japan Capital Spending (expect -9.8%, -2.1)
Wednesday June 4
4:00am est - Eurozone Composite PMI (expect flat at 51.1)
5:00am est - Eurozone Retail Sales (expect 0.2%, +0.6%)
6:00am est - UK PMI Services (expect 50.5%, +0.1%)
8:15am est - US ADP Employment Change (expect -30k, -40k)
10:00am est - ISM Non-Manufacturing Composite (expect 51, -1)
Thursday June 5
7:00am est - BOE Rates (expect unchanged at 5%)
7:45am est - ECB Rates (expect unchanged at 4%)
Friday June 6
8:30am est - Non Farm payroll (expect -51k, -71k)
8:30am est - Unemployment Rate (expect 5.1%, -0.1%)
Bank of England, ECB, PPI, interest rates, jobs report, ISM, housing, upcoming reports, consumer confidence
Forex Traders Keep Your Eyes Open - A Bevy of Currency Data Tomorrow
May 19, 2008
Tomorrow will be one of those fun days to watch the ticker, as a slew of data will be coming from around the world. I always love watching the morning ticker while at the gym on these days. Keeps my emotions in check, and on rare occasion I met another investor/trader when I see faces reacting with glee/horror to the latest report.
Anyways, the reports. Overnight, the Japanese Central bank will meet and decide on rates. They are expected to hold steady at 0.5%. A shocker, eh?
Also overnight, the German ZEW sentiment will be reported. Some traders think a positive report will lead the Euro out of the $1.53 - $1.56 range. Interestingly, Trichet came out today warning that the Credit Crunch is still ongoing, but inflation remains the top concern. Combine that with France's weak GDP number (0.3% expected for Q2, half of Q1) and methinks things may not look rosy for the Germans. Of course, the fine folks at Barclay's disagree, and the UK actually saw a rise in home prices (wtf?!).
And finally, the US producer price index will be released tomorrow. The German ZEW and US PPI can definitely move things, so watch for any break through of the Euro range!
Bank of Japan, ZEW Survey, PPI, interest rates, BOJ
US Numbers Good 2 Days in a Row - Dollar Up
Apr 15, 2008
US economic data surprised analysts Tuesday, as the PPI and Manufacturing Index beat expectations.
The NY Fed Reserve's Empire State Manufacturing Index jumped an unexpected 23 points to 0.63 in April. Many traders were expecting a more modest improvement of 6 points.
Additionally, the PPI (Producer Price Index) was up 1.1% in March, 0.7% below analysts expectations of 1.8%.
The data sent the US Dollar to $1.9616 against the British Pound, and $1.5778 against the Euro.
Read more at CNBC
PPI, USD
