Posts Tagged ‘consumer prices’
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Canadian Dollar Posed for Breakout, Although in Overbought Territory

by Christopher Lemieuxon July 3, 2014 6:25 pm GMT
The Canadian dollar futures is poised for a breakout as price action buds against price resistance at .9400, after the loonie picked up demand after the US dollar momentum faded after today’s non-farm payrolls report. The US Labor Department data showed that 288,000 jobs were added in June. Mark Chandler, head of Canadian fixed-income at […]

Chinese Consumer Prices Hit Four-Month Highs on Food Costs

by Christopher Lemieuxon June 10, 2014 4:42 am GMT
Chinese inflation in May increased at the fastest pace in four months on higher food prices. According to the state statistics bureau, consumer prices climbed 2.5 percent year-over-year. Economists were forecasting an increase from 1.8 percent in April to 2.4 percent, a tenth-percent lower than the actual print. The Chinese government has an inflation target of […]

Draghi Action Expected As Eurozone Momentum Lacking

by Christopher Lemieuxon June 4, 2014 12:35 pm GMT
It is expected that European Central Bank (ECB) President Mario Draghi will do something drastic at tomorrow’s central bank meeting. Draghi has been able to keep market participants at bay on promises of action, but the string of poor data, ranging from inflation to growth expansion to unemployment, it is time to put up or […]

US Dollar Hits Resistance Ahead of ISM Manufacturing Data

by Christopher Lemieuxon June 2, 2014 12:15 pm GMT
The US dollar was propped up in early trade after a series of less than expected European data. The collective manufacturing PMI for the eurozone ticked lower, while consumer prices continue to pressure the euro. German consumer prices will be released today, tentatively. While analysts are looking from an increase of .1 percent from negative .2 percent, there […]