Joe Perry
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Canada Q4 GDP worse than expected, but January starting on the right foot
The Canadian GDP was much worse than expected, however the GDP Price Deflator was also weak.
New Zealand consumers are not helping out NZD/USD as it trades at 3-month lows
With rebuilding, more spending, and higher inflation expected, it may be difficult to keep Retail Sales down
US Core PCE comes in stronger than expected; US Dollar bid
With the US Core PCE for January hotter than expected, the US Dollar is continuing its recent rise.
EUR/JPY selling off ahead of CPI and Ueda
With Japan’s CPI due out in a few hours and BoJ Governor nominee Ueda set to testify on Friday, EUR/JPY could be volatile.
Mexico inflation pulls back after surprise rate hike earlier in February; USD/MXN
Mexico’s mid-month CPI showed that inflation seems to be leveling off. However, the rate is still excessively high.
UK beats EU in the battle of PMIs; EUR/GBP takes a hit
EUR/GBP sold off aggressively after the UK posted a stronger flash PMI than that of the Euro Area.
Do you want to trade USD/RUB? How about trading USD/PLN instead?
USD/PLN has a high correlation with USD/RUB on the daily timeframe.
US data dump points to hawkish sentiment from Fed
Costs associated with producers will make their way to the end of the supply chain over the next few months and eventually be reflected in the CPI.
The US 10-Year Yield and USD/JPY correlation is back!
US 10-Year Yields and USD/JPY currently have a strong correlation coefficient of +0.93.
US CPI hotter than expected, but still lower than December
With the next FOMC meeting not until March 22nd, the Fed will have plenty more inflation data to look at.
Swiss CPI: Just when you thought inflation was coming to an end…
The Swiss headline print was 3.3% YoY vs an expectation of 2.9% YoY