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EUR/USD watching and waiting for US CPI report
In less than one hour now, the US will release their February Consumer Price Index (CPI) report and it could have a significant impact across all the markets, depending on what emerges there. Ahead of this the US equity futures are still all holding gains, buoyed by positivity and gains here in Europe. Those gains are still being led by the FTSE 100, as it rises above 7,750. Meanwhile, the dollar is still treading water in wider sense and in focus here is the EUR/USD. The failure to rise above 1.10 last week was disappointing for Euro bulls, but there is another chance this afternoon. Of course that is going to require a pretty low CPI print to deliver that. Naturally, a higher CPI print will only serve to disappoint those Euro longs even more. So, it is understandable, that the price action so far today has been entirely sideways, inside a tight range entirely covered by 1.0920 to 1.0940. The EUR/USD is just now trading at 1.0933
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Gold buyers jump back in after PCE data
As covered here earlier this morning, Gold suffered a bit of a relapse and that saw it fall back from the earlier record high, at $3,085.96, to a low... -
Not much of a positive PCE reaction in US equity futures-check out the Nasdaq 100
The US equity futures markets have taken a long hard look at that US PCE data and seemingly not liked it too much. To be honest it was pretty benign... -
US February PCE price index beats forecasts but not after the revision- USD/JPY rises and falls
The eagerly awaited US PCE report is now out and it has risen above forecasts . As explained earlier, the markets were looking for the core annualised...
