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On Friday the Nasdaq 100 was the best performing major US stock market index. It closed 0.72% higher, compared to a 0.69% gain in the Dow Jones and 0.41% for the S+P 500. The index was led higher by some lesser known names, but also the likes of Intel and Amazon figured in those leading gains. That said, the Nasdaq 100 fell back from an early session high at 20,162 after opening at 19,955. However, it was not able to hold most of that gain and fell back in the final hour of live trade, to a low at 20,005. The index later closed at 20,033, with a gain of 142 points on the day. The index futures are ever so slightly higher just now, but make no mistake we are going to see a lot of volatility over the next 2-3 days, into and after the US election. The jury looks to be out on what might unfold there, but given the rejection of a new record last week (the index peaked at 20,600 last Tuesday), there is still a clear risk; that a top for the year has already been put in place at 20,690 (July 10 high). Much to play for as this week unfolds. The Nasdaq 100 is just now priced to reopen around 20,045
Well, you were alerted to something rather strange going on this afternoon in Gold and since then the metal has taken another lurch lower. This time...
The US stock markets have not long reopened for the final trading session of the week. It has been a very modestly higher opening across the board...
Given the reaction in the GBP/USD and the USD/JPY after the US sales data you might easily be forgiven for thinking the EUR/USD should be above 1.05...
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