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Nasdaq 100 leads US futures lower after ADP report

Following on from the previous update noting the immediate rise in the USD/JPY following the better than forecast ADP payroll report, the dollar has now turned back lower again. That endorses their thoughts expressed here a couple of times today; any immediate reaction to the data might just be transitory in nature and looking at the USD/JPY right now, that seems like it is the case, because it is now hitting fresh session lows underneath 149.15. Meantime, over in the US equity futures, the vista has not improved. In fact it has deteriorated and especially in the Nasdaq 100 futures. They were performing the best of the three earlier, but not anymore. In fact they are now leading the downside right now, currently pricing the opening below 19,175, where it was close to 19,400 much earlier

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