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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

US DATA PREVIEW
US DATA PREVIEW: On tap for Thursday: Weekly claims; March final PPI; weekly
securities holdings. US TSY $16B 30Y bond auction (912810SF6). Fed speakers: NY
Fed Pres Williams (Neighborhood & Housing Dev conf, NY Q&A), StL Fed Pres
Bullard (eco/mon-pol outlook, Tupelo Mo, Q&A), Fed Gov Bowman, Comm Bnkng in Age
of Innovation, Fed Family Luncheon, SF.
- Barclays economists estimate "final demand PPI to have increased 0.4% m/m in
March, driven by a rebound in energy prices as well as a modest increase in food
and core prices. For core PPI (excluding food and energy) we forecast a 0.2% m/m
increase." Barclays adds "headline PPI inflation slowed at the end of last year
as a result of the weakness in energy prices and we expect this weakness to
continue in the first half of 2019."
- Morgan Stanley economists expect core PPI "to improve in March with a 0.2%
gain. The headline figure should get an additional boost from rebounding energy
prices, and so we look for a 0.3% gain. A print in line with our forecasts would
hold headline PPI steady at 1.9% on a year-over-year basis (NSA) but would lower
core CPI to 2.2% from 2.3%."
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com