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USD/JPY slips as Richmond Fed index misses a beat
The July reading of the Richmond Fed index has just been released and it has come in lower than forecast. The markets were expecting a reading of -7. The actual reading is -17 and that is quite a miss. The reaction on the dollar has seen the US currency slip back from earlier highs. That saw the EUR/USD fall close to the noted support at 1.0840. The low seen ahead of this data was set at 1.0846. The USD/JPY has also fallen back on this news. The USD/JPY was pushing towards 156.25 ahead of this report. It has fallen back to below 156 on the data. However, it remains to be seen if this reaction will continue or just provide a bump in the road for the US currency this afternoon
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EUR/USD takes out 1.0800 again
The push above 150 in the USD/JPY this afternoon has now extended and that has seen the dollar rise to around 150.25. At the same time this has added... -
S+P 500 tests correction level at 5,750 following US data
The push above 150 noted in the USD/JPY just now has come alongside further gains in the US equity space. So, it seems the service sector beat is...
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USD/JPY rises above 150 following very contrasting US PMI reports
The March US flash PMI data has just now hit the screens. The service sector reading was last at 51 and expect to be unchanged. It has risen to 54.3...
