We had a very calm European session with almost no data releases and limited newsflow. The only notable release was the US NFIB Small Business Optimism Index which missed expectations.
The main event today will be the US Job Openings data although the focus is on the US CPI report tomorrow ahead of the FOMC decision next week. That's likely going to be a make or break moment for the markets.
In the markets we haven't seen much movement throughout the session. In FX, the US Dollar remains marginally weaker but higher against the JPY and CHF.
The US stock market is higher on the day as it continues to rebound from yesterday's selloff. We might see some short covering heading into the US CPI.
Treasury yields are also rising into the US CPI release. All else being equal, the markets might now just de-risk heading into the CPI release so I wouldn't read too much into the price action.
This article was written by Giuseppe Dellamotta at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( Forexlive European FX news wrap: A very calm session )
Also on site :
- Mossad thanks CIA for help with Operation Rising Lion
- What to Know About the Investigation Into Influencer Gloria Zamora’s Death
- Costa Mesa sushi restaurant Hana re loses its Michelin star