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As mentioned earlier this morning, the US stock markets will not be open later today due to the Martin Luther King Day holiday. The broader US market set a positive close on Friday. The S+P 500 reached a high at 6.014.96. However, it was unable to post a daily and weekly close above 6k. The index ended the week, 59.32 points higher, at 5,996.66. So, the index will not reopen later today, but earlier this morning the index was pricing an opening for tomorrow close to 6,010. The US Q4, 2024 earnings season gets further underway this week and that could be interesting. The prospect of more earnings beats, after what we saw from the US banking sector last week is live. The Trump effect is probably priced in right now, but we shall have to see what immediate executive orders he might deliver this week. There will be much more to add on this in the days ahead and whether a path to fresh records above 6,099.97 is clear
As the charge higher in the dollar continues right now, the US currency has continued to make rapid gains following the tariff news covered here...
So, the dollar has lurched higher again this morning, as covered in the latest updates here and this is all due to the news emerging from the US...
The dollar has lifted even more since the previous few updates and that has seen the EUR/USD fall towards 1.1100 now and the USD/JPY has pushed even...
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