US PPI for December 6.2% vs 6.8% estimate.

• Prior month 7.4% YoY revised to 7.3%
• PPI MoM -0.5% versus -0.1% expected
• Prior month MoM 0.3% revised 2+0.2%
• Ex food and energy YoY 5.5% vs 5.7% expected
• Ex food and energy MoM 0.1% vs 0.1% expected
• prior Ex food and energy MoM 0.4% revised+0.2%
• Final demand goods prices -1.6%. Largest decrease since .1 .8% in July Goods ex food and energy +0.2% services +0.1%
• final demand services prices rose 0.1% in December after rising 0.2% in November. A major factor in December increase in prices for final demand services was a 17.6% jump in margins for fuels and lubricants retailing

The USD has seen a drop after the lower PPI and the lower than expect retail sales as well. The USDJPY is now trading back below its 100 hour MA at 128.764. The price also fully retraced the gains and the trading range. The BOJ kept policy unchanged, but that is not detering the market to price in action down the road.

The GBPUSD GBP/USD The GBP/USD is the currency pair encompassing the United Kingdom’s currency, the British pound sterling (symbol £, code GBP), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one British pound. For example, when the GBP/USD is trading at 1.5000, it means 1 pound is equivalent to 1.5 dollars. The GBP/USD is the fourth most traded currency pair on the forex exchange market, giving it ample liquidity a The GBP/USD is the currency pair encompassing the United Kingdom’s currency, the British pound sterling (symbol £, code GBP), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one British pound. For example, when the GBP/USD is trading at 1.5000, it means 1 pound is equivalent to 1.5 dollars. The GBP/USD is the fourth most traded currency pair on the forex exchange market, giving it ample liquidity a Read this Term has moved to a new high for the day and is getting closer to retesting the high from December at 1.24458. The high price reached 1.24197 so far

The 10 year yield is down -9.8 basis points at 3.439%.

US stocks are marginally higher with the futures implying the Dow up 40 points. The NASDAQ index futures are implying a 60 point of rise while the S&P is up 11 points

The last 6 months of the PPI MoM gains now add to 0.0%. Pipeline input inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term is coming back down.

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