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As just noted here in the previous update, the Dow Jones failed to drive home an early advantage yesterday. The index reopened higher, at 42,835 (42,732 the previous close) and lifted to set a new rebound high at 43,115. The subsequent fall saw it drop to 42,611 ahead of the close. The index later closed 25 points lower, at 42,706. The Dow futures are in the red right now, but that might all change when live trading resumes and not long after that opening we have a couple of very important US economic releases. Those both come at 3pm GMT and they are the November JOLTS- jobs openings data (expected broadly unchanged from the prior 7.744 million reported) and the non- manufacturing ISM report. That is surely the more important of the two though and it is forecast to rise to 53.3 from 52.1. There will be more to add on that and its component parts later on ahead of the release. The Dow Jones is right now priced to reopen around 42,665
The US stock markets have been open for around 25 minutes and all the three major indexes opened lower this afternoon, as priced into the futures...
The rebound in Gold today has now extended by nearly $80 from the lows. The metal is now approaching the $3,200 handle. A moment ago it almost touched...
The USD/JPY was falling back after the US data drop, as covered in the previous couple of updates. It has just edged a little lower following comments...
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