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US June flash PMI readings beat the street- USD/JPY rises as stocks slip
The US June flash PMI Composite, Services and Manufacturing sectors have just been released. The markets were expecting slightly lower readings across all of these (Services down to 54 from 54.8 and Manufacturing down to 51 from 51.3). The actual data has just revealed a higher reading on both. Services rose to 55.1 and manufacturing rose to 51.7. The reaction to this has seen the dollar jump higher above 159 again on the USD/JPY and the US stock markets have all fallen back on the news. The USD/JPY has just now traded to above 159.20
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Dow Jones leads US stock rebound into the close- futures modestly higher this morning
For most of the session yesterday the US stock markets were in the red. That saw the Dow Jones fall back to a session low at 39,869, after it had...
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GBP/USD falls back from rise above 1.3434
Yesterday the drop in the wider US dollar saw the GBP/USD rise above 1.34 into the 4pm London fix. Eventually that led to a rise above the highs seen...
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Gold edging lower again- more updates early tomorrow morning
Owing to technical reasons, after this there will be no more updates from this analyst until early tomorrow morning. In the meantime, we should note...
