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USD/JPY slides again after US PPI falls by more than expected
The May US Producer Price Index (PPI) has just been released and it has fallen by more than expected. The index has actually fallen by 0.2% last month and the core rate has also fallen more than forecast, by 2.3% which was below the 2.4% forecast. The dollar has fallen back on the news. The EUR/USD has jumped back above 1.08 and towards 1.0815. The USD/JPY is lows too, falling back underneath 157 and towards 156.50. Gold has lifted on the news, snapping the earlier downside run as US yields turn lower once more. The US 2 year yield is now below 4.70% again after this news. The USD/JPY is currently trading at 156.60
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Gold edging lower again- more updates early tomorrow morning
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DAX still attracting the flow as it pushes to session highs above 22,425
Not long ago the DAX lifted above 22,425 and that means it has lifted further above the last technical rebound level of note (22,299.29). Of course it...
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Another technical look at the S+P 500 with big earnings due this week
There is not that much of importance due out today in terms of US data releases or Q1 earnings reports. However, as far as earnings go, that sees...
