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US PCE data pretty much as expected- EUR/USD largely unchanged
The most eagerly awaited US PCE report of recent times has just been released. As noted here earlier, the markets were expecting a slightly higher annualised deflator reading in the February non-core rate, to 2.5% from 2.4%. The February core annualised rate was expected to remain unchanged, at 2.8%. Well, that is pretty much what we got, although the monthly rate of income was slightly lower. The dollar has not immediately charged higher on this data and that is probably understandable. In terms of a positive dollar reaction to this data, it probably needed stronger data really. The EUR/USD was trading at 1.0780 ahead of this release. It did lift to above 1.0790 after it, but right now one has to say the reaction thus far is hardly conclusive
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A note about Quick News updates this afternoon as the DAX rejects first attempt at 22k
Earlier an update here noted the surge in the DAX and the prospect, or possibility that it might test the 22k handle. Well, in the event it stalled... -
Is Tump playing the fool or just playing the markets? Dow Jones futures eyeing yet more gains
Before we get to the crux of this update let it be stated; that no one is being accused of anything and this is just a conscientious observers take on... -
US PMI data could be telling this afternoon- S+P 500 close to session highs
So, we have had a whole host of PMI data from Europe this morning and later this afternoon, at 1.45pm GMT we will get the equivalent data from the US...
