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The market has a holiday rally after sharp sell off earlier in the week. However, it is worth noting that today’s volume is extremely low so not much conclusion should be drawn. US dollar, on the other hand, hit another record low against Euro overnight. Gold performed quite well due to weakening dollar. As for next week, we are going to get several important pieces of economic news, including October home sales data and Fed’s Beige Book. How the market reacts to them will more or less determine the market action for the rest of this year. |
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