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There have been a number of reactions across the markets following the US PCE data and beyond the dollar weakening as just mentioned in the previous update, US yields have slipped and US stock futures have risen. It seems this data has provided a much needed respite from the heavy losses seen since Wednesday evening. The Nasdaq 100 was pricing an opening to as low as 20,725 earlier. It is now pricing it above 20,900, but we shall have to see now long this rebound lasts and whether or not it is sustained when live trading resumes. It is possible this data will merely provide better levels for participants to offload more stock ahead of Christmas.
The previous update looking at the Dow Jones noted the EUR/USD still holding the 1.15 handle. Well, not long after that one went out, the EUR/USD fell...
Not that long ago the US President came out on his Truth Social platform and attempted to spin the fact that he had been ignored by Israel when they...
An update here yesterday noted how the upside breakout in the EUR/GBP could extend towards 0.8550. Well, following that update that is pretty much...
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