FW: [Maybank] US, EU CPIs Today

 

 

GBL: US, EU CPIs Today Global Markets Daily by Saktiandi Supaat FX Research USD rebound stalled amid profit taking on tactical USD longs post-release of US tax reform outline (felt like "buy on rumor, sell on fact" play). 2Q GDP (third print) came in stronger than previous at 3.1% q/q vs. 3% previously. Upward revision was due to inventories. Strong GDP still point to strong underlying momentum supported by consumer spending and business investments. Focus today on US PCE core and EU CPI which may keep EURUSD active. Closer to home, USDCNY continued its rebound... Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Christopher Wong    (65) 6320 1347    wongkl@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.