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Dollar slips on Michigan data- EUR/USD rises to new session highs
The latest University September Consumer sentiment index has just been released and it was a miss on most components. The index itself stood at 67.7, which below the expected reading of at least 69. The current conditions fell more markedly and the inflation expectation was well below forecasts too. That has fallen back to 3.1% from 3.5%. US yields have fallen on this news and the dollar has too. The EUR/USD just now rose to a new session high at 1.0685 which a fair way beyond the earlier session high at 1.0669. The GBP/USD is higher too and the USD/JPY is lower and that has helped gold to extend its upside break to above $1,928 now. The EUR/USD is currently trading at 1.0683
Market News
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Gold takes another hit
Just as the US stock markets were about to reopen Gold was pushing a little higher and heading back towards $3,040. Well, that move did not last long... -
Nasdaq 100 opens in the red
The US stock markets have just reopened and that opening has seen losses across all three major indexes. Of course that was always going to be the... -
US stock futures turn lower again- S+P 500 falls to indicate an opening close to 5,600
The US equity markets will soon reopen and it is not looking like a very positive start to the final session of the week. The Nasdaq 100 is now priced...
