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S+P 500 futures dive and rebound following higher than forecast US PPI
The immediate move higher in the dollar and lurch lower in US stock futures saw the S+P 500 future slide to price an opening not much above 5,570. However, almost as quickly the price has reversed that fall. The reason why that is cannot be explained here to be honest. The same two way swing in the dollar has unfolded too and right now the US stock markets seem to be absorbing that surprising strong producer price index data. The S+P 500 is right now pricing the opening at around 5,590
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EUR/USD takes out 1.0800 again
The push above 150 in the USD/JPY this afternoon has now extended and that has seen the dollar rise to around 150.25. At the same time this has added... -
S+P 500 tests correction level at 5,750 following US data
The push above 150 noted in the USD/JPY just now has come alongside further gains in the US equity space. So, it seems the service sector beat is...
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USD/JPY rises above 150 following very contrasting US PMI reports
The March US flash PMI data has just now hit the screens. The service sector reading was last at 51 and expect to be unchanged. It has risen to 54.3...
