The markets are shrugging off the higher than expected PPI data and continued solid initial jobless claims.
In the US debt market, the two year is down -4.1 basis points at 4.325%. The 10 year yield is down -5.6 basis points or 4.577%.
The premarket for US stocks are implying
S&P index up 11.78 points.Dow industrial average of 79 points.NASDAQ index up 93 points.The EURUSD Initially moved lower toward the 50% midpoint of the move down from the January 24 high at 1.0371. The prices trading back toward 1.0400. The 50% midpoint of the EURUSD range since 2022 is at 1.0405. Get above those levels should give the buyers more confidence.
The USDJPY is now trading to new session lows after bouncing toward 154.00 and finding sellers. The pair is testing a swing area between 153.26 and 153.46. There is a cluster moving averages starting with the 200 hour moving average at 153.078. Below that is the 100 day moving average at 152.995, and then the 100 hour and 200 day moving average near 152.75.
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( No problem. US stocks move higher and yields lower after PPI/claims )
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