S&P 500, Credit Suisse, Dollar, USDJPY, ISM and NFPs Talking Points:The Market Perspective: USDJPY Bearish Below 141.50; Gold Bearish Below 1,680Wednesday’s New York session opened to a hefty gap lower for the S&P...
Euro, EUR/USD, US Dollar, Fed, FOMC, Daly, Treasuries, Energy - Talking PointsEuro support wilted after US Dollar resumed strengtheningThe Fed reminded markets of their intention and yields respondedIf the northern winter is a...
GOLD PRICE KEY POINTS:Gold prices turn lower on Wednesday, pressured by broad-based U.S. dollar strength and strong rebound in U.S. Treasury yieldsBetter-than-expected U.S. economic data backs case for Fed to remain on hawkish...
ISM SERVICES KEY POINTS:ISM Services PMI at 56.7 in September versus 56.00 expectedResilient services sector activity data backs case for Fed to remain on a hawkish pathU.S. dollar extends gains on better-than-forecast results
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The ISM services survey is one of the best forward-looking metrics of US economic strength and it was surprisingly strong in September at 56.7 vs 56.0 expected.That news sent the US dollar higher...
