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Earlier this morning, as the European stock markets came under pressure, the outlook for the US opening darkened somewhat and the S+P 500 priced an opening close to 5,880. The index had closed last night at 5,917 and futures price had spent most of the morning under pressure. Well, not any more, because the futures have just lifted to fresh session highs and right now they are pricing a higher opening, currently at around 5,925. There is no immediately discernible news to attach to this change, but it could have initially stemmed from the recovery in the European stocks that came before it.
So, the initial reaction to the US jobs data saw the dollar fall sharply. As reported on, that dive sent the GBP/USD above 1.28 and the EUR/USD above...
The US equity market futures are all in the green right now and pointing to a slightly higher opening in around 30 minutes. The gains look pretty...
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