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US CPI emerges mostly as expected in July- USD/JPY rebounds
The US July CPI report has just been released and for the most part it was bang in line with market expectations. The dollar has reacted positively to this news. The EUR/USD has dropped back from just above 1.1035 and towards 1.1000. The USD/JPY was below the 147 handle heading into this data. The dollar has since rebounded back above 147.50. It is just now trading at 147.40
Market News
All News-
Nasdaq 100 futures on the drift lower just now
Yesterday the tech sector and the Nasdaq 100 did stage a recovery and that saw the index rise after the European close. The Nasdaq 100 rose above 19... -
Important Addendum to the penultimate update on the DAX
This might yet prove to be important by the end of the day, but in the penultimate update on the DAX it was noted the index had tested the record high... -
German ZEW index beats forecasts but not on current conditions- EUR/USD unmoved so far
The March reading of the German ZEW, economic sentiment index has now been released. As noted earlier, it was expected to show a marked improvement...
