Forex news for US trading on Feb 24, 2016:
Markets:
– WTI crude up 40-cents to $32.32
– S&P 500 up 9 points to 1929
– US 10-year yields up 2.2 bps to 1.745%
Virtually every chart shows a big turnaround in US trading. It came after the weak Markit PMI and a reversal in oil on tighter inventories than suggested by the API report.