Scheduled releases often trigger market movement. The financial media highlights all of them as if all of them carry such potential. This is nonsense; worse, it is dishonest, simply commercialism, playing to the weakness of the uninformed.
What is true is that releases change in their ability to move markets. They come in and out of favor, in and out of fashion with the market crowd.
There is little with much muscle on the US schedule this week until April Retail Sales on Thursday, 5/12. We give this release a **** rating, that is, **** out of a possible *****.
Friday’s April CPI gets a ***.
Germany’s April CPI, 5/11, merits a **** in Germany and a ** here. A number well through expectations will feed the view for a ECB lift (tightening).
Robert Craven
What is true is that releases change in their ability to move markets. They come in and out of favor, in and out of fashion with the market crowd.
There is little with much muscle on the US schedule this week until April Retail Sales on Thursday, 5/12. We give this release a **** rating, that is, **** out of a possible *****.
Friday’s April CPI gets a ***.
Germany’s April CPI, 5/11, merits a **** in Germany and a ** here. A number well through expectations will feed the view for a ECB lift (tightening).
Robert Craven
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