Nasdaq 100 futures still in the red as ISM awaits
The US stock markets will soon reopen for live trade and ahead of that opening the Nasdaq 100 futures are still in the red this afternoon. Even after...
Brent reverses direction again as it now slides to fresh interim lows
Since rebounding back above $79 per barrel, the price of Brent crude has been falling back steadily over the past hour. That fall has now taken out...
Gold hits session lows as dollar edges higher
The dollar is now coming off its earlier lows versus Europe and the rebound above 147 earlier this morning seems to be holding fast. Meanwhile, US...
The dollar has just now shunted lower again following the release of some weak US data. Initial weekly jobless claims rose to 217k, from an expected 210k level. However, that is not the really quite startling news. That is because the latest US unit wage cost data has actually fallen in Q3. The markets had expected this to fall to just 0.3%, from a prior reading of 2.2%. Now, that has been revised higher to 3.2%. However, the latest data has shown a fall of 0.8% in Q3 and that is a real surprise to the markets and the news pushed the dollar immediately lower across the board. The EUR/USD lifted to a new session high at 1.0658 on the news and the USD/JPY dropped to a session low at 150.03 as US yields fall further again. The USD/JPY is just now trading at 150.13