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EUR/USD unmoved even as New York Fed index misses on expectations
The March reading off the US New York Fed (Empire) index has just been released. The markets were expecting a reading of -7, from a prior of -2.4. The actual reading has come in at-20.9. Ahead of the the dollar versus Europe was off its best levels but had remained near the top end of the range versus the Yen. The reaction to this data has seen the USD/JPY drop back slightly and the EUR/USD has so far bearing moved. That is a little odd given this was weaker across all components and prices were lower. New orders collapsed too. The EUR/USD was trading at 1.0890 ahead of this number. It is still there as I sign off on this update. Confused? Well, I am to a little that way to be honest
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Nasdaq 100 extends opening gains closer to the first technical correction level
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here that, it is at 20,325 and represents a... -
US consumer confidence and Richmond Fed both miss estimates- EUR/USD edges higher
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