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Nasdaq 100 opens lower and remains in the red after mixed US data

The latest US consumer confidence index has now been released and was lower than forecast. At the same time, the US Richmond Fed index was better than forecast. The dollar has ebbed and flowed after these reports and on balance the US currency seems none the wiser for them. Meantime, over in the equity space, all the US major indexes opened lower and that includes the Nasdaq 100. The index resumed live trading at 14,668 after closing last night at 14,768. It has traded immediately lower after an initial bounce. It then just now hit fresh session lows underneath 14,600. The Dow Jones is in a similar boat too. Now of course it is very early in the US session and we are likely to see a good many swings again today, but the immediate trend remains southbound. This is now the last update from me this week. I wish you all lots of success in your trading over the next few days and remind you all of the impending Q3 close and how re-balancing orders in stocks and fixing orders in FX might yet deliver a good deal of price action ahead of the weekend. The Nasdaq 100 is just now trading at 14,605 
 

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