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Gold trades above $2,400 after US CPI miss
There have been so many reactions to the cooler than expected US CPI report. First the dollar has gotten bashed, as you might expect and second US stock futures have lifted to fresh record highs in terms of the S+P 500 and the Nasdaq 100. The other reaction of note has been seen in Gold. The metal was hovering above $2,380 ahead of this news and struggling to get past $2,385. It has now lifted above $2,400 as US yields and the USD/JPY fall back sharply. The Metal has lifted to just above $2,403 and it is not far off that high right now
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US consumer confidence and Richmond Fed both miss estimates- EUR/USD edges higher
The earlier noted US economic releases (consumer confidence, new home sales and the Richmond Fed index) have just hit the screens. As noted earlier... -
USD/JPY clumped again into the US stock markets open
Just as the US stock markets prepare to reopen for live trade, the USD/JPY took another hit. It has already given up on the 150 handle since the last... -
If the S+P 500 has peaked cyclically then here is what might unfold (part 2)
Following on immediately from the previous (part 1) update looking at the prospect of the S+P 500 peaking cyclically, we should look at the next...
