Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
US CPI pretty much as expected, but dollar slides -check out the EUR/USD now
The April US CPI (Consumer Price Index) has just been released. The monthly data was expected to show an unchanged rise of 0.4% last month. It has risen by 0.3% The annualised rate was forecast to rise by 3.4%, compared to 3.5% in March. That has risen by 3.4 as expected. The core annualised rate was also forecast to drop back from 3.8%, to 3.6% and it has also matched expectations. The latest retail sales data for April was also released at the same tome and that has shown no growth at all: sales were flat last month against an expected rise of 0.4%. The reaction across the markets have seen the dollar fall back markedly. The EUR/USD has spiked above 1.0865 as US yields fall on this news. The reason for this is seemingly due to relief in the markets that the CPI data was not higher.
Market News
All News-
Nasdaq 100 opens in the red
The US stock markets have just reopened and that opening has seen losses across all three major indexes. Of course that was always going to be the... -
US stock futures turn lower again- S+P 500 falls to indicate an opening close to 5,600
The US equity markets will soon reopen and it is not looking like a very positive start to the final session of the week. The Nasdaq 100 is now priced... -
USD/JPY drops back to test 149 as US yields slip
The USD/JPY has been tracking lower for the past hour and it has now fallen close to the 149 handle in the process setting a fresh European session...
