#november-

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November US new home sales 592K vs 575K expected

November US new home sales

Prior was 563K

Strongest since July.

!!! CLICK HERE TO READ MORE !!! http://www.forextutor.net/november-2016-us-personal-income-0-0-vs-0-3-exp-mm/

November 2016 US personal income 0.0% vs 0.3% exp m/m

Details of the November 2016 US personal income, spending and PCE data report 22 December 2016

Prior 0.6%. Revised to 0.5%

Spending 0.2% vs 0.3% exp m/m. Prior 0.3%. Revised to 0.4%

Real spending 0.1% vs 0.1% prior m/m

PCE 1.4% vs 1.5% exp y/y. Prior 1.4%

0.0% vs 0.2% exp m/m. Prior 0.2%. Revised to 0.3%

Core PCE 1.6% vs 1.7% exp y/y. Prior 1.7%. Revised to 1.8%

0.1% vs 0.1% exp m/m. Prior 0.1%

That’s a kick in the cods for core PCE. A tick down is one thing but we’re two off last month with the revision.

The dollar takes a tumble as the inflation numbers drop. One of the messages from the Fed has been that inflation is not only expected to hold up but to gain too. We’ve just broken the week’s uptrend to trade down to 117.33. Next support will be around yesterday’s lows at 117.10/15.

!!! CLICK HERE TO READ MORE !!! http://www.forextutor.net/november-2016-us-leading-index-0-0-vs-0-2-exp/

November 2016 US leading index 0.0% vs 0.2% exp

November 2016 US leading index 22 December 2016

Prior 0.1%

No one is paying attention to this one. PCE is where the action is at.

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November 2016 Chicago Fed national activity index -0.27 vs -0.10 exp

November 2016 Chicago Fed national activity index report 22 December 2016

Prior -0.08

!!! CLICK HERE TO READ MORE !!! http://www.forextutor.net/november-2016-italian-trade-balance-flash-non-eu-3-97bn-vs-3-85bn-prior/

November 2016 Italian trade balance flash (non-EU) 3.97bn vs 3.85bn prior

Belated trade data from Italy

Exports 5.6% y/y

Imports 1.6% y/y

Look at the euro go 😉

!!! CLICK HERE TO READ MORE !!! http://www.forextutor.net/germany-november-import-price-index-mm-0-7-vs-0-2-exp/

Germany November import price index mm 0.7% vs 0.2% exp

German November import price index report 22 Dec

0.9% prev

yy 0.3% vs -0.2% exp vs -0.6%

Better than expected headline mm but down on previous. Stronger yy reading. Will take a while to filter into inflation data though.

EURUSD 1.0454 EURGBP 0.8451 EURJPY 122.92

!!! CLICK HERE TO READ MORE !!! http://www.forextutor.net/new-zealand-november-money-supply-data-m3-5-9-yy-prior-7-1/

New Zealand November money supply data: M3 +5.9% y/y (prior +7.1%)

Earlier from New Zealand: New Zealand – Q3 GDP 1.1% q/q (expected 0.8%, prior 0.9%)

and NZ Q3 GDP surge – economist responses

            NZD had dropped in the minutes leading up to the GDP release earlier but has since recovered:

Elsewhere on a quiet sort of Asian day: