The initial reaction after the US CPI data was towards a lower dollar, but we are seeing a return to higher. Prices are back near pre-market levels right now. US stocks moved to the upside. The future tenses now mean:
- Download 86 points
- S&P index of 24 points
- NASDAQ index up 122 points
Owner equivalent rents rose 0.2% which is a drag. Car prices were higher though and food at home.
The US output is lower:
- 2 years 4.138%, -1.0 basis points
- 5-year 4.091%, -0.6 basis points
- 10 year 4.226%, +0.5 basis points.
- 30 years 4.426%, +2.0 basis points.
In products:
- Crude oil is up $0.79 and $69.37
- Gold is up five dollars at $2698.40
- Bitcoin went up at $2120 with $98,768
This article was written by Greg Michalowski at www.forexlive.com.
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