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US December PCE core prices rise as expected- USD/JPY edges a little higher
The US December PCE report has now hit the screens. As already mentioned a few times, the markets were expecting this to remain unchanged on an annualised basis, at 2.8%. The data has all come out as expected and so no surprises there. The latest Q4 employment cost index was in line with forecasts too, at +0.9%. The reaction in the markets is rather inconclusive at this stage and right now we are just getting some cautionary words from the Fed governor, Bowman. The dollar is not lower on the back of this data, but yields are a little higher. The USD/JPY is right now at 154.89 and the thing to note here; US inflation is not falling folks. It remains stubbornly above target
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EUR/USD rebounds into the 4pm London fix after Bundestag passes fiscal reform bill
The EUR/USD is on the rebound again just now. The gains come after it had earlier fallen to 1.0893. Subsequent to that fall the German Bundestag... -
US stock markets open lower this afternoon- check out the S+P 500 futures
The US stock markets have just reopened and it has been an across the board lower start to the session. The Nasdaq 100 has just kicked off at 19,657...
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Gold rises above technical resistance to set a new record high this afternoon
Since the last update here on Gold, the metal has now tested and taken out the noted trend line resistance level, in place around $3,029 per ounce...
