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The S&P 500 went back and forth during the day on Friday, as the jobs number rattled the market. The NASDAQ 100 has gone back and forth just underneath the 5900 level, and I think that the market is currently just trying to digest a lot of the gains that we have recently had.
Gold ended the week down by 0.9% at $1258.72 as investors took profits from a recent rally that pushed the market to the highest level in six weeks and the dollar got a boost from a massive gain of 209000 jobs in July.
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The US dollar exploded to the upside during the session on Friday as the jobs number came out much longer than anticipated. The New Zealand dollar fell slightly during the day as we continue to see negative pressure.
The EUR/USD pair fell significantly during the session on Friday, after the jobs number came out of America much stronger than anticipated. The British pound fell significantly after the job announcement as well, and is reaching towards the significant 1.30 level.
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The S&P 500 fell initially during the day on Thursday, but as we have seen all week, the buyers came back to pick up the market.
The US dollar fell during the day on Thursday, testing the 110 handle. The Australian dollar as you can see fell initially during the day but turned around to form a bit of a hammer.