Sept. 18 (Bloomberg) -- Prices paid to U.S. producers fell more than forecast in August, diminishing concern over inflation as the Federal Reserve considers lowering interest rates.
The 1.4 percent decrease, the biggest since October, followed a 0.6 percent increase in July, the Labor Department said today in Washington. So-called core prices, which exclude fuel and food costs, rose 0.2 percent after a 0.1 percent gain the month before.
Short squeeze on the way. NQ might actually go up and close that September 5th gap (2049). ES hs resistance at 1505.25, 61.8% of the correction. Yesterday's gaps have been closed pre-open (NQ 2025.50, ES 1498.25) and are current resistance.
Oil is still a problem above 80.
The 1.4 percent decrease, the biggest since October, followed a 0.6 percent increase in July, the Labor Department said today in Washington. So-called core prices, which exclude fuel and food costs, rose 0.2 percent after a 0.1 percent gain the month before.
Short squeeze on the way. NQ might actually go up and close that September 5th gap (2049). ES hs resistance at 1505.25, 61.8% of the correction. Yesterday's gaps have been closed pre-open (NQ 2025.50, ES 1498.25) and are current resistance.
Oil is still a problem above 80.
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on Tuesday, September 18, 2007 at 9/18/2007 09:15:00 AM.
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9/18/07 12:22 PMIt looks like the VIX bounced off some very strong trend support this morning.
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