Tuesday, April 17, 2007

More Economic numbers and more confusion

CPI +.6%
Housing Starts 1518
Building Pewrmits 1544
Industrial Production -.2%
Cap U 81.4

All these numbers (except for Industrial Production) are pretty good (and even IP was not to bad).

Couple this with the Fed's view on inflation (to high) and any rate cuts are out of the picture for the next 3-4 months. Emerging Market currencies are acting pretty well. Zar,Isk,Try,Brl are all gaining ground on a fairly regular basis. Fixed income prices similarlly are reacting very well. It looks to me that staying the course is the correct trade for now.

Good Luck and Good Forex Trading.



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