Now to the US stock market reaction to the GDP number

Early trading has the S&P holding up 2 points to 1773. The Dow is up 28 to 15774 and the Nasdaq is +2 to 3934. The market seems happy with the numbers early doors and the taper trade is not being seen just yet.

Gold took run up around $13 on the ECB cut but then got slammed $30 on the data. We’re holding below a line of historical support and resistance at $1309 so look to this as a first line of resistance.

Gold h1 chart 07 11 2013

Gold h1 chart 07 11 2013

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