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As the morning has unfolded and all the US equity futures have advanced further, the S+P 500 futures have gotten closer to pricing a reopening around 6k. The index closed on Friday at 5,942.47. Much earlier today the index was pricing the opening around 5,930. It is right now pricing it around 5,990. There are some US data releases to note after the opening this afternoon. At 2.45pm GMT we get the revision to the December service sector PMI index (expected unchanged at 58.5). Then at 3pm GMT we get the latest Factory goods orders and final revisions to the November durable goods orders data. Those releases might have an impact on the S+P, but right now the market is far more concerned with the prospect of a reduced trade tariff impact.
The December reading of the US NFIB small business optimism index has just been released. The markets were generally expecting another positive...
Earlier today, as thoroughly expected, the DAX did open higher. The index had closed below its current 21 day moving average yesterday, at 20,132...
The point about to be made here is worth taking note of folks. If you look at a 0.01% move in the EUR/USD that is 1 pip on the price action at the...
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