martedì, novembre 14, 2006

Martedì 14/11/2006 - USD The Producer Price Index (PPI) and others

Data e ora dell'evento: martedì 14/11/2006 2:30pm (GMT+1)

PPI m/m: The Producer Price Index (PPI) measures the rate of inflation experienced by manufacturers when purchasing goods and services. A rising trend has a positive effect on the nation's currency. When manufactures pay more for goods and services, they are likely to pass the higher costs to the consumer, so PPI is thought to be a leading indicator of consumer inflation. PPI is highly regarded, and at extremes will have a market impact equal to that of its CPI counterpart.
Actual: -1,6% - Forecast: -0.3% - Previous: -1.3%

Core PPI m/m: Derivative of the Producer Price Index (PPI) that excludes the Food and Energy items. Although Food and Energy can be very volatile from month to month, they play an important role in pass-through inflation. Therefore Core PPI usually has less impact than the overall PPI.
Actual: -0,9% - Forecast: 0.2% - Previous: 0,6%

Retail Sales m/m: Measures the total value of sales at the retail level. A rising trend has a positive effect on the nation's currency. Consumer spending makes up a large portion of GDP, and Retail Sales makes up one-third of consumer spending. This indicator is usually the first of the month that relates to consumer behavior, making it susceptible to big surprises.
Actual: -0,2% - Forecast: -0.4% - Previous: -0,4%

Retail Sales excl. Autos m/m: Derivative of Retail Sales that excludes the Automobile Sales component. Automobile Sales make up roughly 25% of Retail Sales, but they can be very volatile from month to month and can distort the picture. Retail Sales with the exclusion of this volatile component is thought to be a better indicator of the underlying trend in consumer spending.
Actual: -0,4% - Forecast: -0.1% - Previous: -0,5%

I dati sono stati tendezialmente tutti inferiori alle aspettative degli analisti. Il grafico seguente evidenzia chiaramente la reazione brusca del mercato: il rapporto EUR/USD passa da 1.2825 a a 1,2866 (+61 pips) in meno di 15 minuti.

posted by mizuno @ 10:40 PM