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USD/JPY front and centre when the US ISM data arrives at 3pm GMT
As noted here in the previous update, at 3pm GMT we get some pretty important US economic data. That is the release of the November ISM manufacturing report. This is expected to show an improvement on the 46.5 reading seen in October. The markets expect something around 47.5 for last month. There are also important components to this data- Prices paid, employment and new orders. Any one of those can have an impact on how the markets react to the index itself, most usually that involves the prices paid component. They are expected to tick up last month, to around 56, from 54.8. As usual, the USD/JPY will be very much front and centre of any immediate reaction to this data. Any surprise will deliver some sharp moves in the USD/JPY. Right now the dollar is pressing higher again after dipping fractionally below 150 earlier in the European session. The USD/JPY is right now at 150.31
Market News
All News-
Gold takes another hit
Just as the US stock markets were about to reopen Gold was pushing a little higher and heading back towards $3,040. Well, that move did not last long... -
Nasdaq 100 opens in the red
The US stock markets have just reopened and that opening has seen losses across all three major indexes. Of course that was always going to be the... -
US stock futures turn lower again- S+P 500 falls to indicate an opening close to 5,600
The US equity markets will soon reopen and it is not looking like a very positive start to the final session of the week. The Nasdaq 100 is now priced...
