The Bureau of Labor Statistics released US PPI data lower-than-expected of negative 0.2% compared with forecasted 0.01%. Note, that the US Core PPI was released at the same time with the US PPI.
The Bureau of Labor Statistics said in a note, "Lower energy prices sent the producer price index (PPI) down 0.2% in December. Prices for services ticked down 0.1%, but are up 2.8% over the past year—the strongest pace this expansion. The sharp drop in oil prices over the fourth quarter has pulled down energy input costs for a second straight month."
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| Historical Data Table: PPI m/m | Economic Calendar for 18.01.2019 | ||||||||
| Date | 12.09.2018 | 10.10.2018 | 09.11.2018 | 11.12.18 | 15.01.19 | All day | G20 Meetings | ||
| Actual | -0.10% | 0.20% | 0.60% | 0.10% | -0.20% | 9:30 AM | UK Retail Sales m/m | ||
| Forecast | 0.20% | 0.20% | 0.20% | 0.00% | 0.10% | 13:30 PM | CAD CPI m/m | ||
| Initial Reaction on Main Pairs | Open Position Proportions on 16.01.2019 | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.71928 | 0.71952 | 0.03% | AUD/USD | 53.68% | 46.32% | |||
| EUR/USD | 1.14206 | 1.14236 | 0.03% | EUR/USD | 34.02% | 65.98% | |||
| USD/JPY | 108.565 | 108.491 | -0.07% | USD/JPY | 55.72% | 44.28% | |||
| NZD/USD | 0.68127 | 0.68165 | 0.06% | NZD/USD | 52.72% | 47.28% | |||