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The dollar reacted in a pretty predictable way to the latest US ISM and JOLTS data, given that it has already risen a good way ahead of the releases. It is now trying to pare that initial negative reaction. Look over at the US stock markets and the reaction was not so visible and right now all three major indexes there are still still struggling for traction. Ahead of the data, the Dow Jones had been flirting with the idea of falling below 37,500, but that level did cap the downside and a brief rally to 37,585 ensued after the data. However, that has not lasted for long and now the index is falling back to fresh session lows, as it takes a closer look at that 37,500 handle.
Earlier today the slide in the dollar allowed the Pound to have a very close look at a level mentioned here many times before. That is the 2024 high...
Since the last update here on the Nasdaq 100, the index has suffered further selling and a lot of that is heavy losses across the big tech sector. The...
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