Market Focus

On Friday, January 12, 2017, attention should be paid to the US economic calendar, namely the data on the consumer price index and retail sales. The consumer price index measures changes in the price of goods and services, with the exception of food and energy from the consumer’s point of view. This is the key way to measure changes in the buying and inflation trends in the US.

Analysts predict that the growth of the basic CPI in December will remain at the level of 0.1%. On an annualized basis, the growth rate remains at 1.7%. The volume of retail sales in December will show growth at the level of 0.1%, which is lower than the November value at 0.8%. In case of data release within the forecast, the US dollar will be under pressure. That is why one should expect the US dollar to fall within 40 points against its competitors.

Alexander Sivtsov