Nasdaq 100 futures still in the red as ISM awaits
The US stock markets will soon reopen for live trade and ahead of that opening the Nasdaq 100 futures are still in the red this afternoon. Even after...
Brent reverses direction again as it now slides to fresh interim lows
Since rebounding back above $79 per barrel, the price of Brent crude has been falling back steadily over the past hour. That fall has now taken out...
Gold hits session lows as dollar edges higher
The dollar is now coming off its earlier lows versus Europe and the rebound above 147 earlier this morning seems to be holding fast. Meanwhile, US...
The UK August CPI and RPI inflation reports have just been released. It was noted here earlier, that the markets were expecting some sizeable increases in both, from the negative prints seen in July. Well, data has not delivered that at all and all the prints are lower than forecast. I will provide more detail later on all this. The pound was holding its breath in a tight range ahead of this release. It has now reacted sharply on the downside. The GBP/USD has immediately fallen to below 1.2350 on this news, as the outlook for the BOE to raise rates tomorrow takes a dramatic shift. The low seen so far has been set at 1.2334. That is a new interim low for the GBP/USD and it is just now at 1.2345