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The Nasdaq 100 opened lower today as was consistent with all the reasons for the slide in the futures price since the start of trading in Asia much earlier today. By the way, the spike higher in the USD/JPY after the ISM data has now given way of fresh downside, as the Yen strengthens for reasons that can only be attributed to risk aversion. Hence the USD/JPY has right now dipped below the 154 handle and taken the EUR/JPY lower with it. As noted here earlier the EUR/JPY has now fallen to just below the 158 handle and hence taken out the overnight low in the process. So, this all ties in with yet more risk aversion and that is weighing more on the Nasdaq 100 right now. The index has fallen below 21k a moment ago. However, breaking news just now has seen the index lift on news out of Mexico regarding a significant increase in the Mexican border controls. This looks like an attempt to try an avert the crippling set of US sanctions. The Nasdaq 100 has reacted positively to this and rising back above 21,200 as the wider dollar falls sharply across the board
Earlier this morning an update here noted that German defence sector stocks were fuelling another push higher in the DAX. Well, since that update the...
The USD/JPY is right now very close to the earlier Asian session low at 151.48, which came after the latest Japanese GDP data beat estimates. The move...
Three of the biggest German defence companies are seeing their share prices rise strongly this morning. The reason for that comes as the markets eye a...
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