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US data on the agenda today- Will the Dow Jones set another lower close tonight?

There are a couple of reasonably important US economic releases due to be released later today. First, at 1.30pm GMT we get the latest Durable Goods orders for January (subject to massive revision though). Then at 2pm there is some housing data, followed at 3pm GMT by what is likely to be the most impactful of anything due today. That is the latest Richmond Fed index (expected -9 from -15) and the pan-US consumer confidence index (expected largely unchanged at around 115). Ahead of this the Dow Jones futures are right now off their earlier session lows, as the DAX presses to set fresh records close to 17,500. The Dow Jones closed last night at 39,069, with a loss of 62 points on the session. Well, ahead of that close, an update here noted the negative inverted hammer on the daily candle chart. Actually this is also known as Shooting Star. So, I was not surprised to see the index post a lower close last night following that set up. However, it remains to be if that will translate into more immediate downside at the close this evening. The Dow Jones futures are right now priced to reopen higher though, currently at around 39,100
 

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