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Since the release of the US jobs report we have seen some two-way price action across the US stock market futures. Initially all three major indexes seemed to like the data and rebounded. However, that was then and this is now and all three have fallen back to set session lows ahead of the opening. The S+P 500 future is below 5,725 in terms of an opening call and the Dow Jones just now fell to price that at around 42,425. The price action is rapid and even with just 30 minutes to go before live trading resumes, it might be unwise to rule out more swings in either direction. That said the opening outlook has clearly deteriorated. The Dow Jones is right now priced to reopen around 42,440
The US stock markets have just reopened and it has been an across the board lower start to the session. The Nasdaq 100 has just kicked off at 19,657...
Since the last update here on Gold, the metal has now tested and taken out the noted trend line resistance level, in place around $3,029 per ounce...
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