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USD/JPY slips and rebounds as Core US PCE in line with forecasts
The May US PCE report has just been released. The markets were expecting a lower level of Core annualised PCE price inflation last month (2.6% versus prior 2.8%). Well, that annualised rate has matched expectations at 2.6%. The dollar initially dropped on this data, perhaps on relief that it was not higher. The Dollar is now paring that fall, which was the USD/JPY drop to a new session low at 160.37. The USD/JPY is now back above 160.50, as the EUR/USD drops back from a new session high at 1.0720. The USD/JPY is currently trading at 160.50
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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...
