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The European futures are all still firmly in the red with about 10 minutes to go before the final live trading session of the week gets underway. In pure percentage terms amongst the futures the DAX and the CAC are leading the downside and right now slipping further into the red. The FTSE 100 is faring best of all just now. That said it is not looking too rosy for the UK benchmark. The index was also the best performing in relative terms amongst the three majors yesterday. It also avoided a close below the 8,100 handle, not that such a close was in any way positive, because it was not. The 8k level must surely be on the radar now and as to whether we see a test of that today is not clear. Right now the index is currently priced to effectively reopen around 8,085 shortly.
The US stock markets have just reopened and it has been an across the board lower start to the session. The Nasdaq 100 has just kicked off at 19,657...
Since the last update here on Gold, the metal has now tested and taken out the noted trend line resistance level, in place around $3,029 per ounce...
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