Forex News Update 18 May 2016 - US Inflation Corrected, Euro Force-Try to Uphill
US Inflation rising trend in a row close to the target of the Fed re-recorded in the survey this evening. However, amid optimism the results revealed data indicating the existence of a correction in the month of April. While in remote locations, the Euro gets "ball gag" the decline in US inflation by trying surging up.
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| US Inflation Corrected, Euro Force-Try to Uphill |
Hefted Allegations
US CPI in April was recorded surged 0.4% MoM, higher than the previous 0.1%, exceeding the 0.3% forecast. While over the past year conditions, US Inflation has moved up to expectations many audiences by noting increased yield as much as 1.1 percent.
The increase in prices that occurred in April yesterday in the United States is still driven by the residential sector. Although there are also other sectors such as healthcare and transportation sectors that support. If traced over the past year housing sector calculations even exceeds the average of the overall inflation a year, which is 3.2 percent.
Energy and food sectors which have experienced a difference in the trend direction and tends to hold the inflation rate was already too began to show improvement. The price of fuel was observed to have started to lead to a trend reversal back towards the price of fifty dollars per barrel. So is the food sector, in the current survey showed again his passion with rose as much as 0.2 percent.
But the encouraging results in the areas of energy and food it is still not all uniform. There are still considerable in many sectors corrected, adding weight to the wheels of inflation. Sector household supplies, either new or used automotive and clothing among others, contributed to the negative in the situation.
Inequality performance of inflation can certainly be called into question for many parties. Is this the inflation rate will be stable until mid-year minimum? Moreover, the Federal Reserve in conducting monetary policy changes favored measure of inflation rate released by the commerce department, the PCE index, which has a tendency to differ greatly from the survey of the labor department.
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| US Inflation Corrected, Euro Force-Try to Uphill |
Euro "Reaping the Wind"
Investors Euro again got momentum tonight even though the results of a survey of US inflation cursory look nice. Real world signal has emerged since yesterday with the emergence of bullish candle after considerable pressure in a few days earlier. Although the euro is still being corrected. Level 1.1320 is still strong enough to be used as a foothold. Until the end of this evening, the Euro back crawl up and broke the 1.1348's.
source : yahoo.com
