The CPI is also expected to tick higher on a YoY basis [Video]
|China’s Trade Balance (SEP) and RBA’s Financial Stability Review are the main events during the Asian session today. German Consumer Price Index is up next at 6 AM GMT expected to remain unchanged at 1.8%. The US will also release their set of Consumer Price Index (SEP) at 12:30 PM GMT, along with their Advance Retail Sales, and Real Average Hourly Earning. The retail sales number is expected to tick higher to 1.5% from previous reading of -0.2%. The CPI is also expected to tick higher on a YoY basis, from 1.9% to 2.3%. If any of these numbers fail to meet expectations, we could see yet another round of drops in the USD crosses. Last but not least, University of Michigan Confidence survey will be out at 2 PM GMT to end the trading week. Thanks for watching, have a great weekend and come back for more from Capital Index and Invest Diva next week.
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