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Better than forecast US PMI data helps lift the dollar- EUR/USD edges lower
The US flash October PMI data was expected to come in slightly better on the manufacturing reading, but slightly lower on the service sector reading. Well, in fact they both beat and by around the same margin. Consequently, the composite index was higher too. The immediate reaction has seen the dollar press a little higher, but nothing outside of the range seen so far in terms of the EUR/USD or the USD/JPY. The EUR/USD reached a high earlier today, at 1.0811. It slipped towards 1.0790 on this news. The USD/JPY is pushing towards and now above 152.25 and Gold has fallen back from an earlier just above $2,743. The EUR/USD is just now trading at 1.0801
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A note about Quick News updates this afternoon as the DAX rejects first attempt at 22k
Earlier an update here noted the surge in the DAX and the prospect, or possibility that it might test the 22k handle. Well, in the event it stalled... -
Is Tump playing the fool or just playing the markets? Dow Jones futures eyeing yet more gains
Before we get to the crux of this update let it be stated; that no one is being accused of anything and this is just a conscientious observers take on... -
US PMI data could be telling this afternoon- S+P 500 close to session highs
So, we have had a whole host of PMI data from Europe this morning and later this afternoon, at 1.45pm GMT we will get the equivalent data from the US...
