Big beat, big miss, gold higher

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Two releases of US data have given a conflicting picture of the world’s largest economy this afternoon. After a mixed outlook in May, where current conditions dipped but expectations rose, US Consumer Confidence figures rebounded strongly, smashing forecasts of 91.5 with a 98.1 print. Both current and future expectations surged, although it should be noted that the headline confidence remains very low compared to the more ‘normal’ reading in February.  

On the flip side, the Chicago PMI suffered its biggest miss in five years, barely rising above the level from April. The dollar has… Read More:

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