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The US initial jobless claims and April Philadelphia Fed index have just been released. The claims data was pretty much as expected but the Philly Fed index was a real beat and prices paid shot higher too. That news has pushed the dollar a little higher and perhaps one reason why it has not yet risen more is due to the employment component missing forecasts by quite some margin. The US stock futures are lower now though and that is as US yields tick higher on this data. The Dow Jones was pricing a reopening at above 38,850. It is now paring that back and now are the Nasdaq 100 and S+P 500 indexes too
The US JOLTS- Job openings report and latest Nationwide US consumer confidence index have now been released. As noted earlier, the markets were...
A little earlier this afternoon gold fell back to set a fresh session low at $3,300.64. That low came after the metal had peaked much earlier today at...
Following on from the previous update looking at the fall back in the USD/JPY, the US stock markets have now reopened for live trade and it has been a...
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