DOW Falls, Dollar Rises Posy US CPI

DOW Falls, Dollar Rises Posy US CPI

By: Oliver Miller | Where To Trade | On:17-03-2015 11:22
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Key Highlights

  • US dollar managed to gain bids during the NY session, as the US CPI around the forecast.

  • US Consumer Price Index released by the US Bureau of Labor Statistics increased by 0.2% in March 2015 just as the market expected.

  • US CPI Ex Food & Energy also rose by 0.2% in March 2015, compared to the preceding month.

  • Canadian Consumer Price Index (CPI) released by the Statistics Canada gained by 0.7% in March 2015, compared to the forecast of 0.5%.

  • Canadian core CPI increased by 0.6%, compared to the last 0.7%.

Key Releases:

US CPI (US Dollar)

US Core CPI (US Dollar)

Canadian CPI (Canadian Dollar)

Canadian core CPI (Canadian Dollar)

US Consumer Price index

Today, the US Consumer Price Index pointing price movements by the comparison between the retail prices of a representative shopping basket of goods and services was released by the US Bureau of Labor Statistics. The market was expecting it to rise by 0.2% in March 2015, compared to the preceding month. The outcome was in line with the forecast, but the disappointing thing was the year-over-year change. The US CPI decreased by 0.1% in March 2015, compared to the same month a year ago.

There was a mention in the report that increases in the energy and shelter indexes were covered by the fall in the food index in terms of the seasonally adjusted all items index.

The US core CPI i.e. the index for all items less food and energy was higher by 0.2% just as the market expected. The yearly change was on the positive side, as it came in at 1.8% compared to the forecast of 1.7%.

Canadian CPI

In Canada too the Consumer Price Index (CPI) was published by the Statistics Canada. The market was expecting it to rise by 0.5% in March 2015, compared to the preceding month. However, the end result was way above the forecast, as the Canadian CPI increased by 0.7%. Considering the yearly change, the Canadian CPI rose by 1.2% in March 2015, compared to the same month a year ago. This was way above the forecast of no change in the CPI.

The Canadian Core CPI registered an increase of 0.6% in March 2015, compared to the preceding month. Considering the yearly change it posted a rise of 2.4% in March 2015, which was higher compared to the last increase of 2.1%.

Looking Ahead

Futures for the Dow Jones Industrial Average moved sharply lower by 250 points to 17,855 and the S&P 500 index was down by 20 points to 2,085.

 

Oliver Miller

Oliver Miller

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