Yes folks, we have another raft of US data at 13.30 GMT 15 Feb
Yesterday's US CPI was largely ignored apart from the initial algo-led reaction so should today's PPI provide anything different? Not really, apart from offering a little more back-story but we must always expect the unexpected in these markets.
Also out is the NY Empire State mftg index and weekly initial jobless claims with capacity utilization and industrial production to follow at 14.15 GMT
We will, as always, expect an initial algo headline-led reaction to the data if wide of the mark so be ready with your entry/exit levels from whichever side you want to play. Keep a close eye on p/a for fading momentum.
Placing limit orders in advance can often be useful given the occasional speed of moves and subsequent reversals, although equally it can be prudent to wait and manually trigger executions once you've sized up the data in its entirety and gauged the price action.
