Consumer Price Index and Housing Starts

16 March, 2018

At 10:00 GMT, Eurozone Consumer Price Index – Core (YoY) (Feb) will be released. The consensus points to an unchanged value of 1%. Consumer Price Index (MoM) (Feb) is expected to be 0.2% from -0.9% previously. Consumer Price Index (YoY) (Feb) is expected to be unchanged at 1.2%. Consumer Price Index – Core (MoM) (Jan) is expected at 0.4% from -1.7% prior. Inflation rose late in 2016 and early in 2017 to 2.0%, the highest levels in five years, but has stabilized around 1.3% since June (YoY). The ECB is looking for inflation to “approach 2%”. Labour Cost (Q4) is expected to be 1.8% against a previous reading of 1.6%. EUR pairs may see volatility pick up due to this data.

At 12:30 GMT, US Housing Starts (MoM) (Feb) is expected at 1.290M from a previous number of 1.326M. Building Permits (MoM) (Feb) is expected to come in at 1.320M, from the prior reading of 1.377M, which was revised down from 1.396M. This data is expected to show a slight fall in residential construction activity, but these data points have been recovering since hitting lows of 0.46M and 0.49M respectively after the 2009 financial crisis. The readings last month were the highest since those lows for both data points. USD crosses could see increased volatility around this data release.

At 13:15 GMT, US Industrial Production (MoM) (Feb) will be released. The consensus is for 0.3% from -0.1% previously. After four months of positive data, this measure slipped below the zero line in the last reading but is expected to rebound back to the positive today. Capacity Utilization (Feb) will also be released at this time, with an expectation for 77.7% v 77.5% prior. This data point fell last month after reaching a two year high in December. USD crosses may be impacted.

At 14:00 GMT, US Michigan Consumer Sentiment Index (Mar) is expected at 99.3 from a previous number of 99.7. This measure of consumer confidence is at levels not seen since 2003, with the highest level since the financial crisis being achieved in October with a reading of 101.1. USD crosses could move in reaction to this data.

At 17:00 GMT, Baker Hughes US Oil Rig Counts will be released with a headline number from last week of 796. WTI Oil could become volatile around this data release and will be in traders’ minds when trading resumes on Monday.


Source link  
Dow recovers after 500 points decline

Stocks closed higher Monday as major indexes bounced back from earlier losses as renewed confidence in the strength of the U.S. economy offset lingering...

Pound rallied, stocks declined

The U.K. main stock index closed lower Thursday, weighed down by weakness for resource stocks and banks and a strong pound as the outline of a key agreement...

Oil slips as U.S. inventories swelled

Oil prices slipped on Thursday after U.S. crude inventories swelled to their highest level since December 2017 amid concerns of an emerging global glut, although...


Crude's Collapse Is Sending Shockwaves

Investors have gone from contemplating the prospect of oil at $100 to sub-$50 in less than two months. No wonder global markets are playing catch-up....

Dollar growth pushed down stock indices

Monday was a hard day for the financial markets. American DJI lost more than 2.3% and S&P500 decreased by 2.0%. As in previous weeks, the main pressure...

U.S. stocks recover after elections

Preliminary estimates of the U.S. election results support a positive mood on the world markets, reducing the demand for protective assets and causing...


Cautious mood has returned to stocks

American markets ended trading on Wednesday with a slight increase. Asian bourses also experienced growth at the opening, but it was quickly...

Emerging markets rebound seems over

Asian markets have turned to a decline with a renewed force. After the rebound of last week, the index MSCI Asia ex Japan loses 1.2% and is only...

Rebound in Asian markets intensifies

On Friday morning, the demand for risks on the Asian bourses continues to recover. MSCI for Asia ex Japan is adding more than 1.2% this morning, having...


In the past 24 hours Bitcoin has lost -4.13% and reached $3392.2500529. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has lost -0.4129% and is now at $1.1327. Start trading and making money on Forex today.

In the past 7 days Ethereum has lost -21.24% and is now at $87.8879438928. Have the most popular cryptocurrencies compared online 24/7.


Top Brokers offering Daily Forex Market Reviews


Forex Currencies Forecasts


Top 10 Forex Brokers 2018

# Broker Review
1easyMarketseasyMarkets92%
2FXTMFXTM88%
3HYCMHYCM87%
4Alfa-ForexAlfa-Forex86%
5FxProFxPro85%
6FIBO GroupFIBO Group84%
7OctaFXOctaFX83%
8HotForexHotForex82%
9AvaTradeAvaTrade80%
10FXCMFXCM78%
  


Share: