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EUR/USD falls as US PPI beats all forecasts on all counts
The January US Producer Price index (PPI) report has just been released and it has surprised to the upside across all matrix. The gains have sent the dollar immediately higher. The USD/JPY has spiked above 150.50 and the EUR/USD has fallen to below 1.0750 and may not be finished with yet. This PPI data was well above consensus and it has surprised the markets and sent the US treasury yields higher again too. The EUR/USD is currently trading at 1.0745
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EUR/USD lifts on better than forecast French PMI data, but German numbers await
The first of the flash PMI reports noted in the previous update has now been released from France. As mentioned, the markets were expecting a modest... -
French and German PMI data in the spotlight shortly- check out the CAC 40 right now
Today sees a number of important PMI index reports, from France, Germany, the UK and the US. The first one to report is France, at 8.15am GMT (Germany... -
S+P 500 futures indicate the corrective rebound is back in play again?
Several updates here last week looked at the corrective nature of the S+P 500, as it attempted to forge out a low just above 5,500. The noted first...
