A few moments ago investors got to know two important readings from the United States. Economic data turned out to be mixed: Chicago PMI came in below market expectations, but CB Consumer Confidence beat the consensus. Rising number of coronavirus cases in the US certainly did not help as some businesses struggle with another round of restrictions imposed by authorities. The results were as follows:
-
Chicago PMI for June: 36.6 vs expected 45.0 (previous: 32.3)
-
CB Consumer Confidence for June: 98.1 vs expected: 91.5 (previous: 86.6)
Nevertheless, US500 does not seem to reflect these readings yet. Even though, one could observe some minor declines after Chicago PMI release - the scale of these moves was rather symbolic (barely seen on M1 time frame).
Source: xStation5
Gold prices drop sharply at the end of October. The collapse of the safe-haven myth or a search for liquidity?
ECB Holds Rates Unchanged💶 EURUSD down 📉
There is no good scenario for the euro today
Economic Calendar: ECB Decision, PCE Inflation, and Amazon Earnings in the Spotlight 🚨