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:
For the GBPUSD, the price action looks like this:
For the USDJPY, the price action looks like this:
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.