Mixed data from the US: core CPI has slipped to 2.1% y/y, worse than expected. On the other hand, jobless claims drop to 235K, the lowest in years. Housing data is also positive: housing starts leaped to 1.323 million annualized and building permits also beat with 1.229. So, most figures are good, but inflation is not really rising. Perhaps it will go up with Trump. The US dollar is looking for a direction and after digesting the data, the greenback is making some gains. A big bulk of US data was released, with core CPI standing out. No change was expected. Other figures include building permits, housing starts, the Philly Fed Manufacturing Index and weekly jobless claims. The US dollar took a second breather this week, after making a further advance yesterday. Later today we will hear from Janet Yellen, although her statement has already been released. Yellen seemed cautiously optimistic, saying a rate hike could be appropriate soon, but hasn’t sounded too upbeat. US data (updated) Philly Fed Manufacturing Index: previous 9.7, expected 8, actual: 7.6 Jobless claims: prev. 254K, exp. 257K, actual: 235K Housing starts: prev. 1.047 million, exp. 1.156, actual: 1.323 million, a rise of 25.5% Building permits: prev. 1.225 million, exp. 1.198, actual: 1.229 million, a rise of 0.3% CPI m/m: prev. 0.3%, exp. 0.4%, actual: 0.4% Core CPI m/m: prev. 0.1%, exp. 0.2%, actual: 0.1% Core CPI y/y: prev. 2.2%, exp. 2.2%, actual: 2.1% CPI y/y: prev. 1.5%, exp. 1.6%, actual: 1.6% More: Why the dollar is rising on the Donald Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next EUR/USD: Preparing For Another Leg Lower And Test Of Yohay Elam 6 years Mixed data from the US: core CPI has slipped to 2.1% y/y, worse than expected. On the other hand, jobless claims drop to 235K, the lowest in years. Housing data is also positive: housing starts leaped to 1.323 million annualized and building permits also beat with 1.229. So, most figures are good, but inflation is not really rising. Perhaps it will go up with Trump. The US dollar is looking for a direction and after digesting the data, the greenback is making some gains. A big bulk of US data was released, with core CPI standing out. No change was… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
