Stocks doing well though

The NA session has mixed data released and that is contributing to a lot of chop. Remember it is Friday too.

In the US:

  • Empire manufacturing was better than expected
  • Export/import prices were lower than expected
  • Industial production and Cap. Utilization were both weaker than expectation
  • Univ. of Michigan sentiment for Feb was better than expected.

For the EURUSD, the price action looks like this:

The EURUSD price action is choppy.

For the GBPUSD, the price action looks like this:

The GBPUSD price action is choppy

For the USDJPY, the price action looks like this:

The USDJPY price action is choppy

Stocks have their own chop, but are holding onto good gains.

  • The S&P is up 23.7 points or 0.87%
  • The Nasdaq isup 36 points or 0.50%
  • The Dow is up 335 points or 1.31%

The President will announce a national emergency on the border that will supplement the $1.3B from the budget deal.