Forex Flash: US investors eyeing banks' earnings reports and CPI data  TD Securities

By FXstreet.com | January 16, 2013 AAA

FXstreet.com (Barcelona) - While the US earnings calendar heats up and draws attention, with Bank of NY reporting at 6:30 am (53.4c estimated) and JP Morgan at 7 am ($1.22 estimated) and Goldman Sachs at 7:30am ($3.66 estimated), the economic calendar will provide the CPI inflation report (among TIC flows, NAHB housing market index and Beige Book). "For CPI we're a touch above consensus, looking for a 2.0% Y/Y reading for core CPI, and 1.9% for all-items CPI, with falling gasoline prices only partially offsetting gains in food and other items", wrote strategist Marcin Budkiewicz.



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