Good afternoon,
just some minutes ago i was really surprised how EUR/USD reacted on published PCE data - according to the FED the most important inflation marker.
As someone can see on screenshot 1 data were clearly green, so to say "hot". Indices reacted to that information "correctly", they started tanking cause the fear of higher interests or no cutting interests woke up (sceenshot 2).
On the other screenshot you see EUR shooting up, so to say. I thought i have some knowledge of the markets, but i have absolutely no idea how this can happen - normally in the situation of hot inflation climate, USD should move up.
Any opinions to that reaction?
Thanks!
just some minutes ago i was really surprised how EUR/USD reacted on published PCE data - according to the FED the most important inflation marker.
As someone can see on screenshot 1 data were clearly green, so to say "hot". Indices reacted to that information "correctly", they started tanking cause the fear of higher interests or no cutting interests woke up (sceenshot 2).
On the other screenshot you see EUR shooting up, so to say. I thought i have some knowledge of the markets, but i have absolutely no idea how this can happen - normally in the situation of hot inflation climate, USD should move up.
Any opinions to that reaction?
Thanks!