“The report showed that moderate upward pressure on prices and wages continued in September.”, — write: www.fxempire.com
Today, traders also had a chance to take a look at Chicago PMI report for September. The report showed that Chicago PMI increased from 46.1 in August to 46.6 in September, compared to analyst forecast of 46.2.
U.S. Dollar Index was moving higher as traders reacted to the Dallas Fed Manufacturing Index report. Currently, U.S. Dollar Index is trying to settle above the 100.60 level. Treasury yields gained some ground in today’s trading session, providing additional support to the American currency.
Gold has started to move away from session lows near $2630 after the release of the report. Gold markets have found themselves under pressure in today’s trading session as traders took some profits off the table near historic highs.
SP500 is heading towards the 5750 level as traders react to economic data. From the technical point of view, SP500 continues to consolidate near historic highs as traders wait for stronger catalysts.
For a look at all of today’s economic events, check out our economic calendar.