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US October CPI pretty much as expected- USD/JPY falls
The details of the US October CPI report have just been released. The markets were expecting a very slight fall in annualised core consumer prices, but an opposing slight rise in the non-core rate. Well, that is pretty much what has emerged, but the core rate has remained steady at 3.3%. The noon core rate has risen as expected to 2.6%. from 2.4%. So, the reaction across the markets has not seen the dollar rise.. In fact it has fallen. The EUR/USD spiked to a session high above 1.0650 as the data hit the screens, but it is immediately falling back. The USD/JPY is lower though and has dropped below the 154.75 level following this release
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Nasdaq 100 extends opening gains closer to the first technical correction level (corrected)
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here; it is at 20,325 and represents a 38.2%... -
Nasdaq 100 extends opening gains closer to the first technical correction level
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here that, it is at 20,325 and represents a... -
US consumer confidence and Richmond Fed both miss estimates- EUR/USD edges higher
The earlier noted US economic releases (consumer confidence, new home sales and the Richmond Fed index) have just hit the screens. As noted earlier...
