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The US stock markets have not much reacted to the rate cut just announced by the Fed. Perhaps under more normal circumstances, stocks might have reacted more positively, but of course they were already on a tear anyway and setting fresh records all over the place. So, as this Fed move mattered much? Well, not really and besides it was so well telegraphed anyway. Earlier today the Nasdaq 100 went another step further in terms of writing the record books, when it reached a new all time high, at 21,078. It is not much below that high right now, but certainly not charging higher again just yet. Has it done enough for the day perhaps? That remains to be seen, but for sure the markets are as greedy as ever to keep pushing this higher and in truth there is very little to quench that appetite right now. The Nasdaq 100 is just now trading at 21,066
Well, you were alerted to something rather strange going on this afternoon in Gold and since then the metal has taken another lurch lower. This time...
The US stock markets have not long reopened for the final trading session of the week. It has been a very modestly higher opening across the board...
Given the reaction in the GBP/USD and the USD/JPY after the US sales data you might easily be forgiven for thinking the EUR/USD should be above 1.05...
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