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An earlier update this morning touched on the Dow Jones performance yesterday and the potential impact of the US data releases this afternoon. Well, arguably the S+P 500 is even more prone to react to any surprises in the JOLTS and ISM non-manufacturing report. Yesterday the index had it within its power to set a first daily close of 2025 above the 6k level. Well, in the event it failed to achieve that, after reaching a new 2025 high, at 6,021.04. The index slid back to a low at 5,960 and later closed the session at 5,975.38, with a rise of 32.91 points on the day. The price action across the S+P futures since the close and so far today has been covered by 5,960-5,985. Hence, it is by no means certain at this stage we will see a higher opening this afternoon, just ahead of those important data releases. The index is right now priced to resume live trading at around 5,979
Further to the previous update nothing the rebound in the major Yen crosses, both the GBP/USD and the EUR/USD have just ratcheted higher again. The...
It certainly was a positive start to the final US equity trading session of the week. Of course that higher opening was well ordained by the charge...
Since the last update here on the Nasdaq 100 and the rise in the futures price, that has now advanced by around another 200 points. The Dow Jones and...
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