Some time to digest the events yesterday before more US data ...Middle East

Are we due a turnaround Thursday? The dollar is keeping a little firmer now as we look towards European trading, after the sort of poker game from the events yesterday. It was a case of CPI giveth, Powell taketh away as markets had to adjust their convictions back and forth in reaction.It's now time to digest things further before we get to another round of US data later in the day. And that will feature the weekly jobless claims as well as the PPI report for May.In the equities space, US futures are holding higher after the gains yesterday. However, the latter was trimmed as the Fed failed to convince of an earlier timeframe to cut rates. Still, the S&P 500 and Nasdaq both closed at record

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