Wednesday, April 14, 2010
The U.S. Dollar is trading lower against most major Forex markets ahead of today’s Consumer Price Index, Retail Sales and Business Inventories Reports. In addition,
investors are awaiting the testimony of Fed Chairman Bernanke.
Today’s Consumer Price Index report is expected to show little or no inflation for the month. February Retail Sales are expected to show a rise of 0.3 percent after a 0.1
percent rise in January. If one takes out auto sales, the report should show a rise of 0.8 percent. This number should be the market mover today. Business Inventories are forecast to be unchanged in
January after a slight decline in December.
Fed Chairman Fed Bernanke testifies before the Joint Economic Committee on the economic outlook at 9am CT. Traders are expecting Bernanke to say the economic recovery is
taking hold but that the recovery remains sluggish. One key to his speech will be his commentary on the U.S. unemployment situation. Most analysts expect him to say that the recovery is not yet
strong enough to …
