Sorry for that trouble.
Can you please try resetting the tools?
1. Open Photoshop
2. Select text tool
3. At the top there would be control bar for that tool and at the left of It it will show you the text tool T symbol and just near to that a drop down arrow.
4. Click on that small drop down arrow
5. You will find a small gear icon at the right - > click on that
6. A long menu will appear.
7. Select Reset all tools.
8. Create a new document - try to replicate.
Please let me know if that helps you
Problem still exists.
Nothing will move from the x / y axis originally placed.
Is that a MAC or windows machine ?
Mac running OS X Yosemite
Using magic mouse ... not a tablet
yes magic mouse and adobe PS have some compatibility issues.
i have tested here at my end.
You can try to use regular mouse and please let me know if that works with regular mouse.