Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
Dollar index (USDX) digging its heels in this afternoon
Since my last update here looking specifically at the USD/JPY, the dollar has lifted further there and now risen above the 143 handle. The EUR/USD is pretty much where it was but a little off earlier session highs, ai 1.0931. The GBP/USD is not making any progress and close to session lows right now, just above, or slightly below 1.2650. The upshot of this is the USD index (USDX) is holding its ground and one reason for that could be due to the rebound in US yields. The 2 year note is trying to rebound above 4% again and some 5bp (basis points) higher overall today and that is supporting the dollar index. The index is not actually higher on balance, after closing in the US on Friday at 102.55. The high seen so far today is at 102.58, but it is digging its heels in and attempting to rise back above 102.55 as I sign off here
Market News
All News-
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...
