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Yesterday the Trump win ensured that all the major US stock market indexes did not look back. The gains were led by a 3.57% rise in the Dow Jones, but the 2.74% rise in the Nasdaq 100 and 2.53% rise in the S+P 500 both ensured new record highs and new record closes for those indexes too. So, the Dow Jones reached a high of 43,778 and later closed 1,508 points higher, at 43,729. Of course, that move has taken the index into uncharted territory now and left open a sizeable gap on the daily charts, between where where it opened yesterday (42,850), which was also the low of the day and where it had closed on Tuesday evening, at 42,221. We should expect that gap to be filled at some stage in the future, but predicting when that might be is nigh on impossible. Looking at the longer-term weekly chart of the index we can also see a rising topside trend line which started back in early 2018, (at 26,584) coming into play this week at approximately 44,380. That might be a potential resting place, but we shall have to see on that. Right now the Dow Jones futures are a little higher, currently indicating an opening later today, at around 43,855
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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