If we look more detailed data from the US yesterday for CPI we can find one of the biggest risks to the growth of the US economy. It is well known that 2/3 of the largest economies in the world hinges on consumer spending. This is what drives consumer spending in the economy is not creating jobs, and the average purchasing power of the population. Therefore data on average weekly pay are crucial for economic growth. The chart clearly see serious short term deterioration in this indicator. Here detailed data from yesterday:
Data from yesterday seem at first glance well, and many investors and traders see only titles while strong foundation will eventually weigh. The extensive analysis of statistical indicators do not seem so positive and this can create preconditions for serious declines in the US dollar.
Trader Nikolay Georgiev
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