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USDCAD TECHS

Fresh Lows Below 1.2062

AUDUSD TECHS

Extends This Week's Gains

JGB TECHS

(M1) Consolidating

EURJPY TECHS

Upside Extension Within Its Channel

US TSYS SUMMARY

Narrow Range Ahead April FOMC Minutes

CPI Preview

US DATA

Jan CPI Wednesday release at 0830ET: MoM (0.4% est vs 0.3% prior); ex-Food/Energy (0.1% est vs 0.2% prior).

  • UBS strategists said they "expect another soft core CPI (0.08%)" as "used car prices probably continued to fall rapidly. Hotel prices appear to have taken a step down with the increase in Covid infections. Medical insurance prices probably continued to fall. We also forecast continued softness in rents, in line with the recent pace. Last spring's deterioration in the labor market is passing through into rent inflation, which has slowed from 0.3% per month on average in 2019 to about a 0.1% monthly pace recently."
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com