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US Philadelphia Fed index misses forecasts but USD/JPY lifts
The June reading of the US Philadelphia Fed index was expected to improve from the -4 reading posted in May. The forecast was for something around -1. It has just been released at -4, which was quite a miss and the other components of the report were not positive either. The USD/JPY has bot actually fallen on the news, which is a little bit of a head scratcher to be honest. The USD/JPY was trading around 145.60 leading into this. It has just lifted above 145.70 which is a new session high. However, it has fallen back on comments from a Fed speaker, noting a rate cut in July is on the table. The USD/JPY is right now at 145.52
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DAX set for a higher opening today following records on Wall Street last night
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EUR/USD edges back from earlier session highs
The noted fall to a new interim low yesterday at 1.1557 in the EUR/USD was recovered and despite the technical reasons for it not doing so, the Euro...
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Gold steps back right now this morning
Yesterday gold did edge a little further below the break of the 50 day moving average, but the move did not extend that far. Gold based at $3,309.93...
